How is it that inflation can affect everything EXCEPT wages?
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They do tend to be closely linked actually. Look up “wage price spiral” for a classic relationship that can play out which is essentially a self-feeding circle of higher wage growth leading to higher inflation which leads to even more wage growth… and so on and so forth.
That being said, you can have times when inflation rises but wages don’t keep up. For instance if you have a bunch of commodity price spikes resulting from global supply chain disruptions and/or shortages (perhaps arising from war or adverse weather situations) during a low growth/recessionary period, you would likely see prices rise faster than wages. This is because the commodity shortages drive up costs to produce goods and services (e.g., jet fuel costs rise, forcing airlines to increase flight prices) but people have less means to buy goods and services because of the economic recession (e.g., they buy less plan tickets which in turn leads to lower sales for airlines and thus leading to lower revenue to operate the business meaning lower ability to raise wages).
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