Rises in wages, in taxes for bussiness, decreases in wages , decreases in taxes for businesses, are nothing but the direction of a money loan. Raise wages ( or taxes for businesses), the consumer gets a loan which he will soon pay back in higher prices. Lower wages (or taxes for bussiness), and the consumer gives a loan, which hopefully will be paid back with lower prices.
Businesses are notoriously slow in paying back. Consumers have no choice but to pay back - everything goes up!
You cant unring the bell, but its time to stop all the loans and face the problems that come up without artificial wage or tax increases.