Why would anyone work for $8 per hour if someone else can just create ten billion times that amount by pressing a button?
You tell me... Probably due to lack of financial intelligence. As I've quoted before;
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
However, by the way you've responded I can't understand if you disagree with me or being further informative. What I said is that this transfer of purchasing power happens in the long term, when the new money is included into the market's circulation. Until then, the freshly-printed banknotes represent the same value with the rest.