That's a tautology: workers pay not keeping up with price changes is how we stop inflation. Inflation is not enough stuff to go around. That loss has to be abs

That's a tautology: workers pay not keeping up with price changes is how we stop inflation. Inflation is not enough stuff to go around. That loss has to be absorbed by people getting less. Either everybody gets a little less by wages not buying what they used to, or some people get a lot less by jobs and businesses disappearing. Ideally we'd just make more, but after two years of messing around with global supply chains, we've fundamentally damaged them so they no longer have excess capacity to supply. Like an overstretched spring, it won't just go back to where it was. It's going to take a while to get the virtuous spiral working again.