“ There's no magic hoard of money being sat on by the rich or corporations that could just be used to pay people better in real, inflation-adjusted terms.” Sur

“ There's no magic hoard of money being sat on by the rich or corporations that could just be used to pay people better in real, inflation-adjusted terms.” Sure there is. The hoard of money is called “profits”. Companies pay higher wages and have less profits or possibly (if they can) raise the prices of their goods to compensate.