Fair Minimum Wage
We already calculate COLA for Social Security based on inflation data and BAH (Military Basic Allowance for Housing) based on specific areas. This is done each year. We should set a baseline and tie future raises automatically to these or similar calculations. A number we arbitrarily choose today may be inadequate if it takes another 15 years, or longer, for Congress to do it again.
Sometimes the best answer is simple. People shouldn't have to have two or three jobs to survive. Unemployment is 'at historical lows', but those numbers are employer reported vice household reported. It is estimated that 16 million Americans have more than one job... 10% of the US workforce. That is simply not sustainable.