Have you been to Japan? Salaries are low, but stuff is crazy cheap (even after the past year of inflation). People are still feeling whiplash from the fact that prices can change at all. Many menus and items have prices that have barely changed since the early 1990s, and most of those changes were to add sales taxes to the menu.

The exchange rate of the yen has dropped recently by a lot, but the inflation experience there has been the exact opposite of America's.