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Senators introduce proposal to peg minimum wage to biennial "livable wage" calculation; committee to hear Public Assets Institute and JFO
Summary
S.67 would set Vermont's minimum wage to the state's biennial basic-needs "livable wage" calculation and then index it to CPI. Senators acknowledged the proposal would be a large fiscal and policy change and agreed to gather testimony from economists, the Public Assets Institute and the Joint Fiscal Office.
Senator sponsors presented S.67, a proposal to set Vermont's minimum wage to the "livable wage" calculated every two years by the state's basic-needs budget and to index future increases to the consumer price index (CPI).
A sponsor said the measure is intended to address affordability by aligning wages with the cost of living: "If we're really gonna begin to help get at Vermonters earning more, we…
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