No it's not. Wages are very difficult to change en masse (see "sticky wages"). If nominal wages can't fall, for "purchasing power" to remain constant, consumer prices must rise.
Certainly wages are very difficult to change en masse, However the second part, "for "purchasing power" to remain constant" is a restriction that simple cannot be held true.
Purchasing power, is also a function of productivity, more or the same amount of goods produced at lower cost, is not a situation where purchasing power remains constant for fixed or climbing wages. Under such conditions purchasing power climb even as nominal wages remain constant.
With relief of tax relate burdens on producers, as a consequence of repeal of business income and payroll tax system, overhead costs fall, producer prices fall under market competition leveraging those cost reductions and overall consumer purchasing power increases as result of increasingly more efficient production of goods and services.
Certainly wages are very difficult to change en masse, However the second part, "for "purchasing power" to remain constant" is a restriction that simple cannot be held true. Purchasing power, is also a function of productivity, more or the same amount of goods produced at lower cost, is not a situation where purchasing power remains constant for fixed or climbing wages. Under such conditions purchasing power climb even as nominal wages remain constant. With relief of tax relate burdens on producers, as a consequence of repeal of business income and payroll tax system, overhead costs fall, producer prices fall under market competition leveraging those cost reductions and overall consumer purchasing power increases as result of increasingly more efficient production of goods and services.So my purchasing power will incease under the FairTax (see, I told you, CG). What to guess at how much?