Inflation is a boogeyman?? You're not that clueless are you?
Maybe they do but it's not up to the government to determine what that is. Especially the federal government. A "living wage" is vastly different from the backwaters of the south vs downtown LA.
And by the way what does a living wage even mean. A bum living in a cardboard box brings in $20 buck a day. He's living right?