Rising wages leads to inflation because more money is chasing the same goods and services.
This is no longer true, because automation means there are ever more goods and services in spite of rising wages.
Inflation itself is bad for banks because it erodes their earnings.
If wages rise as fast as inflation, that means workers get the upper hand.
That's why banks have manipulated our system to restrain inflation rather than encourage full employment.
Inflation is only good for those with loans outstanding. It does no good for those who don't. Think of it as a benefit for those who can position themselves correctly, which certainly didn't include everyone.