1. provide views on higher minimum wages and justify them. Should minimum wages be linked to inflation, such as Social Security payments?

2. How does the BLS estimate inflation? How does it adjust for new products and services being purchased by consumers, such as the introduction of smart phones in 2007, or product improvements, such as blind spot detection and collision warning systems in cars? Do you think the CPI is a good measure of the changes in prices of the goods and services you purchase? If not, why? 3. Why does inflation not affect everyone the same? Which groups are likely to be hurt or made poorer by inflation and which groups are not? How does inflation re-distribute wealth?