If it's illegal that's not inflation's problem. You probably have dictatorship/controlled market problem. In any case, if there's a problem with the legal free market you use street vendors. That's how it's been done everywhere since ever.
You take a leap of faith that you will have this income for the foreseeable feature, why wouldn't you take a leap of faith that it going to be adjusted to fair market value?
If the economy is alright, you simply get paid you fair market compensation. When there's an inflation, you get adjustment.
Don't forget that inflation is not only for the chocolates and candies in the shop but also for the resources that businesses use and one of this resource is human resource, which means salaries are going up.
You don't think that at 20% of inflation businesses will end up with practically slave labour in few years, don't you? Salaries are always adjusted to meet the inflation. That's not because the businesses feel altruistic, it's because in a free market unadjusted prices create an arbitrage. If your salary is not adjusted, you go work somewhere else. Your unadjusted salary is some businessmen's opportunity to have you at no extra real terms cost(normally they would have offered you more of what you ear currently, now they can transfer you by simply giving you a fair market salary).
You missed the part about the economy doing fine. Anyway, salaries don’t stay static because people are not static - they age and get seniority, change jobs, get promoted, get redundant because technology and market changes etc.
It’s probably not the inflation that is eating in the wages in many cases. A lot of wages moved from established professions to software developers or moved from deindustrializing countries to China and so on. %1-%2 inflation is a noise regarding to changes in salaries. My grandfathers income from his profession did not perish due to the inflation but because of the proliferation of sneakers and cultural change that made sporty shoes acceptable in workplaces.
If it's illegal that's not inflation's problem. You probably have dictatorship/controlled market problem. In any case, if there's a problem with the legal free market you use street vendors. That's how it's been done everywhere since ever.
You take a leap of faith that you will have this income for the foreseeable feature, why wouldn't you take a leap of faith that it going to be adjusted to fair market value?
If the economy is alright, you simply get paid you fair market compensation. When there's an inflation, you get adjustment.
Don't forget that inflation is not only for the chocolates and candies in the shop but also for the resources that businesses use and one of this resource is human resource, which means salaries are going up.
You don't think that at 20% of inflation businesses will end up with practically slave labour in few years, don't you? Salaries are always adjusted to meet the inflation. That's not because the businesses feel altruistic, it's because in a free market unadjusted prices create an arbitrage. If your salary is not adjusted, you go work somewhere else. Your unadjusted salary is some businessmen's opportunity to have you at no extra real terms cost(normally they would have offered you more of what you ear currently, now they can transfer you by simply giving you a fair market salary).