> Their state pension increases in line with inflation thanks to the penion "triple lock" in the UK (this is temporarily the "double lock" for 22/23).
In that case you have a feedback loop creating infinite inflation that goes faster than those rate adjustments goes. There is no magical wand to wish away inflation like that.
Labour doesn't pay for their retirement.
>> inflation will eat up all their retirement
Their state pension increases in line with inflation thanks to the penion "triple lock" in the UK (this is temporarily the "double lock" for 22/23).
>> until there is enough labor
Adding labour has no direct impact on pension income, there can't be "enough labour" to reinstate a standard of living in a person's pension situation
Instead what will happen is existing groups who are already below water (e.g. foodbank users) will suffer more pain.