On a Bitcoin standard, your boss has to negotiate a pay cut with you. A raise may be just keeping the same salary. Either way, you have the upper hand, since doing nothing results in your salary becoming more valuable over time.
Discussion
Under a Bitcoin standard, at T -> infinity: Your boss have to negotiate a pay cut with you, and you have to negotiate a pay raise with your boss.
There shall be no hidden raises nor hidden cuts.
I don't know, I think long term the price will likely stabilize and behave a bit more like the price of gold (unless somehow demand truly is unbounded, if for instance the population continued to grow uninterrupted)
Well gold is pretty different. We can mine more of it. And there's mines that we know where it is, waiting for the price to go up, for it to be more profitable to actually mine. So if the price of gold doubled, we would mine at a much faster rate, causing more to hit the market, lowering the price.
When the Bitcoin prices goes nuts, there is nothing we can do to produce it faster. Which makes the price go even more nuts.