If anyone assumes this is specific to the US and that companies (from the US operating) in developing countries would provide inflation matching raises due to l

If anyone assumes this is specific to the US and that companies (from the US operating) in developing countries would provide inflation matching raises due to lower cost of labor, let me put that to rest. The multinational companies operating in India don’t match inflation either. The inflation in India has been around 6-7% for a couple of decades (and higher for long before that), and wages have just eroded over time.