Earlier quoted context omitted.
I feel like this implication you're positing where unions and labour conflicts can only result in "rampant inflation" is untested.
If anything, it seems that increased unionization lags behind inflation. Which may not be surprising as high inflation discourages saving, meaning that people are more likely to buy the things they want now to not have to pay much more later, which results in businesses increasing production to fill the increased demand, requiring more labour, and thus labour finds itself in a stronger position. As the only power uni…
Indeed, I think we could argue inflation is a cause of unionisation as opposed to our OP's position where it is implied that unionisation leads to inflation.