One problem with the "Disney just needs to build more stuff to make it a better value" line of thought, is that any time they do build anything, it draws more people in, including those who really can't afford it. So you get more value, but it's also more overcrowded, so you lose value. And being overcrowded also tells disney they can charge more. Not saying they shouldn't build more, just that building new things isn't going to fix this.
The economy is bad right now. All of these pay raises have been well outpaced by inflation. People have to put food on the table first. That means entertainment waits or they choose to go deeper in debt. Crowds lately definitely suggest they are putting entertainment on hold. At the same time, prices for everything are up for the parks too. I'm assuming that's what led to these latest price hikes. I just don't think this slowdown is better by next summer. If anything, with everything going on and an election coming, I think things get worse. I think these increases end up biting them in the butt, and they either reverse course or do more sales to draw people in.