I was only half joking. > Most peoples wages won’t even be close to increasing 10%/yr for a decade. It's only because you aren't used to such inflation. Once

I was only half joking. > Most peoples wages won’t even be close to increasing 10%/yr for a decade. It's only because you aren't used to such inflation. Once the cycle kicks in, wages start increasing accordingly. I know it first-hand after living in a country with high inflation. If you are living not in a closed off country, there will be more successful countries out there, so if you won't increase the wages of the workers they'll leave for other economies (or just work remotely), thus, reducing the workforce supply, which drives up wages.