They're saying a pay raise is not assumed, and that without a pay raise, in real terms they get a pay cut because inflation reduces the buying power of their salary.
They're then assuming that the same employer who refuses to give a pay raise in an inflationary environment, wouldn't claw back some of their salary, to claim that steady nominal pay would essentially give them a pay raise.
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u/thevoidthatjerksback 8h ago
I doubt that anyone could explain this in a way where I would accept deflation as worse