When I mean inflation I mean the rate of the monetary supply expansion.
Discussion
Yesn't
Think about who is pushing for bigger wages. Big tech? Yes. What does big tech has a lot of? Money. Exactly. Small businesses and strat-ups don't always have the budgets to pay such high saleries. Especially in the first months of their life when they haven't made any money.
If your income/savings is devalued due to money supply increase then you are losing out.
But I agree the free market should determine price signals of labour.