It's important to understand that inflation is something that happens to value coupons (currency) not value. Corporations using credit to pay higher wages isn'

It's important to understand that inflation is something that happens to value coupons (currency) not value. Corporations using credit to pay higher wages isn't going to be a stable system. There has to be underlying value in all those higher wages (read that twice because it's the most salient point). People so often confuse value coupons with actual value that we get lines like "Raise minimum wage in order to give people more value". But the end result is using credit to pay higher wages. Credit just being future value that doesn't exist yet. So eventually there will be a reckoning at some point in the future. Just look at the start-up space. Sky high wages and benefits paid for entirely with credit. Now the reckoning has come and they're in shambles. A better fix is rebalancing how value is distributed. But this is hard too because people immediately jump to C-level compensation, but their base pay divided among the company is peanuts and their equity pay is ridden with risk (and currently in the dumpster). It's a very difficult problem overall, and it's why there is always such little policy movement despite everyone saying "You just have to do this one simple thing!" Edit: I understand if people don't like hearing this, but at least provide a rebuttal.