So...this clown failed ECON 101?
In the market, demand impacts price. Greater demand? Higher price follows. More jobs than candidates? Higher wages follow.
The market will find its own equilibrium, if the damn FEDS would just stay the hell out of it.
I certainly agree but I will add from my Econ classes in the 60s there was always considered a type of inflation called “Wage-Push” inflation. It is not always scarcity of goods.
Societal disruption occurred after the Black Death due to scarce workers.