People aren't working because many jobs just aren't worth the time and effort. However, inflation will just make people poorer and more desperate. Pretty soon many won't be able to afford to quit or pass up that shitty fast food/retail job. Even if you already work full time, you might need a second job. Your money just won't go as far. Sure inflation will hurt the elite on some level, but they are probably diversified enough and a tight labor market is what they really can't stand. The debt slaves are getting uppity.