https://www.nytimes.com/2023/04/28/business/wage-inflation-m...
https://www.nytimes.com/2023/04/28/business/wage-inflation-m...
Note that the main transmission mechanism of monetary policy in fighting inflation is basically putting people out of work, to the extent of provoking a recession if need be. So yes the fed is looking for some pain in the labor market to see that things are working, though they would love for inflation to come down without a recession too.
But high inflation is also bad for workers, because wages in general don't keep up in real terms (re-negotiated infrequently, leverage imbalance between company and worker, status quo bias, etc.). The higher inflation is the larger you can expect companies profit shares to be (case in point, the original article). Also really high inflation seems bad in general for the economy, both workers and companies.
that is, more of less, ahat bank of england has announced.
ok so you agree with the general thesis but not the exact mechanism? why quibble then?