Yeah labor is doing exceptionally well so it does factor into inflation.
The main reason we have inflation the globe is lacking economies of scale as a deflationary pressure.
Inflation can only be facilitated by wealth. This is where labor is not to blame. In the 1960s and 70s the middle class was very wealthy and borrowing a lot in relative terms. Along with Vietnam and The Great Society there was so much wealth we did have inflationary pressures. There were structural problems with income taxes and interest rates that did not keep the inflation in check.
Today the middle class in relative terms is not causing the inflation.
The wealthy are causing the inflation. The corporations are causing the inflation. The corporations borrowing have caused the inflation.
Why waste a good crisis? The JC’s blaming labor…
Keep it honest folks. Don’t be easily fooled.