The article's last paragraph is more in line with what I've been reading from actual economists online.* Just how long the steep rise in inflation will last re

The article's last paragraph is more in line with what I've been reading from actual economists online.* Just how long the steep rise in inflation will last remains a subject of debate....The Federal Reserve is arguing that it won't be a long-term issue... If the inflation growth rate starts to ease, workers will be better able to enjoy their boost in pay. "To the extent that inflation is transitory, this dip in real wages is also transitory," said Tim Duy, chief US economist at SGH Macro Advisors, a research firm for the financial industry and policymakers. * For example, Paul Krugman points out "July’s inflation was substantially lower than June’s..." and took the numbers CNN is citing as proving that "Recent price increases reflect temporary disruptions as we recover from the pandemic rather than an underlying inflation problem." https://www.nytimes.com/2021/08/12/opinion/inflation-infrastructure-debt.html https://www.nytimes.com/2021/08/12/opinion/inflation-infrast...