Look at the trend for "real" (not nominal) salaries over the past decades, and you'll get your answer for how destructive inflation can be for the lower and mid

Look at the trend for "real" (not nominal) salaries over the past decades, and you'll get your answer for how destructive inflation can be for the lower and middle class. Since the dollar has been dramatically devalued over the past few decades, while the nominal salaries have barely increased, that means people today are making a lot less money than their parents or grandparents used to make, and you can see an article about that every other week, because it's true, and inflation is the main reason for it. Yes, in the end, companies are at fault for not increasing the salaries with inflation, too, but inflation is what enabled them to leave them as it is, because most people don't really keep track of inflation, and don't know when their salaries should increase and by how much according to the inflation. So the companies play this "trick" on them, by keeping salaries the same or increase them by much less than the inflation rate.