Because of inflation, we can expect money to lose value each year. For example, if inflation is running at about 2%, we can expect a $100 product to cost $102 next year. The point here is that the consumer is buying less with the same amount of money. Does this mean that employers need to keep pace with inflation? In other words, should employers have a cost-of-living-adjustment (COLA) that mirrors the inflation rate? Should the government force employers to pay the appropriate COLA? Please discuss.

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The impact of inflation is significantly worse for hourly wage workers Asman pointed out Someone making 200000 annually is a lot less likely to be affected by an extra 20 to fill up their car with gas ... View the full answer