I am not sure it's given that inflation will stay at zero with rising minimum wages.

I think GP is worried this may not be the case, and he would lose purchasing power.

Nothing may happen, but I think we'll have to wait and see if this is the case or not.

My annual merit based increases are often at or just below inflation levels and the cost increase of insurance, I wouldn't hold my breath on my employer upping my pay a comparable amount - shareholders aren't fond of shrinking profits.

I think the largest pay bump I've ever seen in a year was right at 2% or possibly even less.

Why would inflation stay at 0? That is extremely unlikely.

I would love to see you prove that with actual labor statistics. Employers do not do that, plus now you need to deal with higher prices.