Sure. But what they are really doing is giving you a pay cut each year without you realising, and the bankers and their friends closest to the money printers are pocketing it.

Compounding even 3% annual cut in real value adds up to an 80% pay cut over 50 years.

Even worse the people nearest the money printers are largely engaged in the business of starting (and most frequently losing) foreign wars of choice. The human suffering created by the system is immense.

Yes. As they're incentivised to "lend" (print) as much money as they can, to obtain the interest, the outcome is that they're encouraged to start wars and fund both sides, because war generates the highest demand for loans. The longer the war lasts, the better.

Inflation makes the problem worse, but even if inflation were zero percent, no company is going to tell its employees they can work 1 hour per week because the company is paying for the employees time.

On top of that, the fundamental competition inherent to a free market says that a company with employees that only worked 1 hour per week would be out competed by a company full of employees that worked more than that. (Up to a point, obviously.), so the company can't let it's employees take advantage of increased productivity with a shorter work weeks in order to stay competitive.

Getting rid of fractional reserve banking and inflation isn't going to change those underlying facts of capitalism.

Its not about working less, it's about not having your wages stolen. If people understood they were getting a pay cut each year, they likely wouldn't stand for it. Instead they celebrate it as a pay rise but wonder why they can't afford nice things like a traditional family with an average-sized house and 2 kids, holidays etc, all paid for only by the husband who has an average job while the wife stays at home.