[jkepler]

Low-wage industries wouldn't necessarily be a problem of the currency's purchasing power was rising rather than falling. But in most "developed" economies, we're institutional used theft via central banks targeting inflation, rather than recognizing that technological advancements ought to bring about gradual price deflation.

We've accepted for far too long the lie that low inflation (i.e. theft at a slow enough rate that working people hopefully won't notice) is necessary for economic growth. That's not true, but it introduces all sorts of systemic injustice into our economic systems.