The article explores how changes in technology affect wages in the U.S. The researchers found that wage dynamics varied over time, especially during the Great Inflation period. Before and after this period, wages adjusted with prices, but during the Great Inflation, technology shocks caused wages and prices to move together, leading to higher inflation. This was due to how wages were linked to inflation and how monetary policy reacted to it. The findings suggest that the way wages are adjusted is crucial in understanding inflation and the impact of technology on the economy.