The article discusses how inflation is influenced by import prices and the distribution of income between labor and profits. The researchers argue that as import and profit costs rise, the share of income going to wages has decreased. They suggest that to achieve a more equal income distribution, wages need to grow faster than prices and productivity. This could lead to higher inflation and interest rates, potentially causing resistance from wealthy individuals and Wall Street. The study highlights the importance of understanding the relationship between income distribution, inflation, and economic policy.