If you look into the details of a hyper-inflation environment (such as Germany in 1922-23), labor tends to retain its value pretty well under such conditions. Laborers would re-negotiate their salary every morning, and tended to do pretty well.

Bank deposits go to 0 though, as would most savings that did not grant control of some inflation-resistent revenue-flow.

Anyway, true hyperinflation is extremely rare. The most recent case I'm aware of, was Venezuela around 2013. To my knowledge, 0% of the pupulation lives under true hyperinflation today.