I agree with the printing a lot of money being a problem. But in terms of low cost labor, I don't think that labor expenses are a huge expense to energy production.
There are whole sectors of economy begging for employees, or curtailing services due to lack thereof. Some people are perhaps happy with that but it must be impacting inflation.
Childcare and retail come to mind if you like examples.
Childcare and retail come to mind if you like examples.