They already tried by not raising inflation-adjusted wages for 50 years, and the solution to that problem was: lower the interest rate and push people to borrow to consume.
Inflation adjusted income has risen pretty consistently. The stat people sometimes cite for that is household income which has more to do with changes in average household size rather than changes in wages
Real disposable personal income per capita (which accounts for government transfers & subsidies, hence the big Covid spike) has also been on a steady incline.
