At least in the U.S. folk around me are already aware that their paychecks aren't going up but the price of milk is... and then drops... and then goes back up.
That kind of volatility of consumer prices is wrecking their faith in fiat currency. The idea of getting rich makes them listen, but the idea of understanding the value of a thing is what gets them to hodl.
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It isnt the currency that is volatile in that instance, it is the supply that we are seeing.
In the food arena, major shortages are starting to arise. This is going to send prices flying.
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While you're correct that shortages will affect things, I picked my example of milk intentionally: its supply hasn't fluctuated much recently, and I live in a place where we produce a lot of our own food. Already the volatility of a dollar's buying power has been a discussion at farmers market meetings.
True. The wide price changes only shows how fragile the supply system is. If supply was not an issue, the huge fluctuations in prices would not occur as often.
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