I mean, labor is a significant component of prices for goods.
But I expect the increasing income stratification of the 10s+ is a harbinger that we're running out of high-paying jobs for the number of people who are qualified for them.
And the window is closing for countries to agree to something like a structural tax on AI with benefits going to society to address the ills.
Absent that: further stratification, more employee-less businesses, and not a great future