Let’s see...
Sounds like higher wages chasing fewer goods. Or more money in the economy chasing fewer goods.
Where have I heard that before? Oh yes! During all the inflation discussions. Higher wages always lead to higher prices for goods and services. Clearly, there are no economists at government levels that understand how inflation occurs, or they don’t care about doing something abut it. Just let things happen and hopefully the problem will go away on its own. Head in the ground leaders.
… or they don’t dare say anything about it.