Русско-англо-русский юридический словарь

"The labor problem" is the economics term widely used toward the turn of the twentieth century with various applications. It has been defined in many ways, such as "the problem of improving the conditions of employment of the wage-earning classes." It encompasses the difficulties faced by wage-earners and employers who began to cut wages for various reasons including increased technology, desire for lower costs or to stay in business. (Wikipedia)

However, given that the current method of creating money through bank-debt made the twentieth century one of the highest inflationary centuries on the historical record, inflation is obviously not a problem specific to the process of money issuance by governments. (What Comes After Money? Essays from Reality Sandwich on Transforming Currency and Community. North Atlantic Books, a California-based publisher)