There's an easy way to avoid being harmed by inflation: Don't hold cash. If you wish the currency was backed by gold so you could put it in a teapot, buy gold with your fiat money and put it in a teapot.
An economy in which the primary currency of trade can deflate sucks. We've been there.
I wasn't advocating holding money in a teapot, just that erosion of wealth is built into the system. I was not also advocating the gold standard, just saying there are other dimensions why some professions have not attracted money. To reduce wages salaries just need to be static.
An economy in which the primary currency of trade can deflate sucks. We've been there.