The paper “Why Do Workers Dislike Inflation? Wage Erosion and Conflict Costs” by UCLA Professor Joao Guerreiro and co-authors Jonathon Hazell, Chen Lian, and Christina Patterson was featured in Bloomberg. The paper provides a potential explanation for why workers dislike inflation. It argues that, with inflation, workers must take costly actions to ensure their nominal wages keep pace with rising prices. These costly actions reduce workers’ welfare even when their nominal wages keep up with inflation. Survey data support this explanation. The paper can be found here. 

The Bloomberg article here.