It's kind of absurd that salaries don't automatically grow along with inflation, actually.
@joepie91 we had this in Italy in the 60s. It was dismantled starting from the 80s because it was considered as one of the main factor behind the high inflation. The net result is that our purchasing power has being going down the drain since.
(might be a bit off on the dates here)
@oblomov I'm aware of the claim that automatic-parity salaries will cause inflation spirals and/or have been to blame for past instances of such.
I have never seen a believable explanation as to why that would be, and it doesn't make any sense when you think about it - the available amount of labour doesn't change, and so neither should the purchasing power. So it's something else.
