Now that's a lazy explanation. Inflation does not equal pay. That's a lazy assumption folks love to repeat without the slightest evidence. Other than the lazy "It's obvious to me".

Think of a world that worked that way. The only way to make a country work is to have a slave-labor class that struggles for a pittance while simultaneously bidding up the prices on things? I guess Karl Marx would agree, but I don't think he had any more evidence than "It's obvious to me" which is the bar here.