So here's an idea that Governor Romney and I actually agreed on last year - let's tie the minimum wage to the cost of living, so that it finally becomes a wage you can live on.

BBC: State of the Union: Obama pledges to reignite economy

He mentioned his 2012 opponent, Mitt Romney, and said we should try his idea of tying the minimum wage to the cost of living.

CNN: 5 things we learned from the State of the Union

The AP notes that Romney has supported cost-of-living minimum wage increases for a decade.

FORBES: Romney Vs. Gingrich On The Minimum Wage

Most of Malawi's estimated 120, 000 civil servants - including teachers and immigration officers - are on strike demanding wage increases to counter the rising cost of living, our correspondent says.

BBC: Malawi's airports closed because of wage strike

The Living Wage is calculated according to the basic cost of living in the UK. Employers choose to pay it on a voluntary basis.

BBC: Newark and Sherwood council: Living wage to be paid

Eighteen states and the District of Columbia have minimum wages above the federal level, and 10 states index their minimum wage to inflation to automatically rise with the cost of living.

CNN: To help jobs picture, raise the minimum wage

In 10 of those states Arizona, Colorado, Florida, Missouri, Montana, Nevada, Ohio, Oregon, Vermont and Washington the minimum wage is automatically adjusted every year to keep pace with the rising cost of living.

NPR: Obama, Business Groups Differ On Minimum Wage Plan

There was a brief wage freeze, but since then she says her pay packet has kept up with the rising cost of living.

BBC: Budget 2013: Chancellor's rebalancing act