Funny, France and Germany have managed to give decent pay increases compared to us, "and" they have lower inflation, your bubble burst right there.
Think about what you are saying, you are effectively saying the solution is to make people poorer, inflation and making people poorer both have the same impact, lack of affordability. Whenever I hear someone say cap wage rises, in simple terms they mean "I need my wealth protected".
You honestly think there is nothing wrong with say 10% inflation 5% wage increase, 2% inflation 1% wage increase, 20% inflation 10% wage increase? The current inflation is not wage driven. Its shareholder driven. Yet I hear no talks of dividend or share buy back caps, why are you not proposing caps on shareholder or executive income?