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by johndevor 4571 days ago
> No normal human being makes the connection between prices and their paycheck. Not even economists. Yes, that's the rational conclusion. The world doesn't work that way.

That's not true. The world is entirely aware of prices and how their paycheck relates to it. It's called a Cost of Living Adjustment:

http://www.ssa.gov/cola/

http://www.investopedia.com/terms/c/cola.asp