Which is great. Wages are sticky, making it difficult to reduce nominal wages. Inflation helps prevent layoffs by allowing for some real reduction in wages in a

Which is great. Wages are sticky, making it difficult to reduce nominal wages. Inflation helps prevent layoffs by allowing for some real reduction in wages in a weak economy without having to reduce nominal wages. Getting rid of this mechanism would be bad. Perhaps minimum wage should be indexed to median wage or something, but it should absolutely not be indexed to inflation.