The talk about wage increases and the relationship with inflation, particularly the "this dip in real wages is also transitory" seems to be side-stepping the 40

The talk about wage increases and the relationship with inflation, particularly the "this dip in real wages is also transitory" seems to be side-stepping the 40-odd year issue of wage stagnation in comparison to capital investment returns. Pointing to inflation feels like (yet another) distraction from the actual wages problem being that the value of labor is secondary to the value of capital investment. ie. your workers are less valuable than your investors.