this post was submitted on 27 Feb 2024
271 points (98.6% liked)
CanadaPolitics
1892 readers
87 users here now
Placeholder for any r/CanadaPolitics refugees
Rules:
All of Lemmy.ca's rules apply
- No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
- Be respectful. Everyone should feel welcome here.
- No porn.
- No Ads / Spamming.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Pros: Necessary increases don't lag behind by 5 years and we don't spend months arguing the pros and cons every time we need to increase it only to end up eventually increasing it.
Cons: Probably makes it harder to make small adjustments if needed due to factors other than inflation because people will say it will increase anyways and ignore that even if it will get a 5% increase, perhaps it will be necessary to increase it by 6%.