Because that will make corporations lower their prices.
Yeah right. Once that price is increased, it won’t go back down unless they are forced to. Having to pay less in wages will never be that reason.
https://multipolarista.com/2022/05/24/us-federal-reserve-wages-inflation/
https://mronline.org/2022/05/26/u-s-federal-reserve-says-its-goal-is-to-get-wages-down