Productivity has also increased tremendously but not wages.
Many places have raised the minimum wage by large amounts without hyperinflation. What causes hyperinflation is printing tons of money.
employers don’t just fire people when minimum wage goes up. This has proven true over and over again across the world.
In cas you haven’t been awake for the past 20 years or don’t know anything that’s been going on for the last 100 there have been tremendous advances in tech that has taken over human jobs. But guess what there are still jobs even though machines have taken many because they are cheaper than paying someone.
The real issue is the rich business owners don’t want to pay people enough to live and the workers want o earn enough to live.