Review of the Article "How much do labor costs drive inflation?" by Adam Hale Shapiro. Analysis of an economic letter published by the Federal Reserve Bank of San Francisco, focusing on the impact of labor costs on inflation. I discuss the significance of core PCE inflation, the negligible effect of labor cost growth on inflation, and the effects of labor from both supply and demand perspectives. I wrap things up with some opinions and a call to explore more about wage increase effects on different earner categories.   00:00 Introduction to the Economic Letter Review 00:47 Deep Dive into the Article: Labor Costs and Inflation 03:47 Exploring the Supply vs. Demand Side of Inflation 05:10 Concluding Thoughts and Personal Opinions Article reviewed: https://www.frbsf.org/research-and-insights/publications/economic-letter/2023/05/how-much-do-labor-costs-drive-inflation/ Gallup poll mentioned: https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx