> It's no coincidence that real wages haven't increased significantly since that Nixon administration. >> My intuition is the opposite of what you're saying. I

> It's no coincidence that real wages haven't increased significantly since that Nixon administration. >> My intuition is the opposite of what you're saying. Inflation devalues debt and savings while increasing the nominal value of wages. Both statements are true. Inflation increases the nominal value of wages while simultaneously decreasing the real value of wages, because wages have to chase inflation instead of the other way around. Sustained latency causes this difference to increase against time.