Is there any other way to control inflation? I guess you could try to have some kind of price controls to limit corporate profits. Break up monopolies since they have too much pricing power.

My understanding of economics is that median wage is everything- it's the basic unit of wealth. The wealth of rich people is measured as a multiple of this value. So if median wage goes up, the wealthy are less so. Thus upper classes care very much about this. What is wealth other than the power to control a bunch of workers?