People walk by a Help Wanted sign in the Queens borough of New York City on June 04, 2021 in New York City.Spencer Platt/Getty Images The labor market is about to put inflation on a "rollercoaster," according to BlackRock strategists. That's because rising wages can stoke inflation, which raises the risk of rebounding prices. "We believe this structural labor shock is poised to take over as the driver of inflation as the pandemic-driven spending mismatch unwinds." The labor market is bound to set inflation on a "rollercoaster," which will weigh on stocks and the economy, according to BlackRock.The world's largest asset manager rang the alarm on a structural shift in the labor market, with the pandemic job recovery masking weak growth over the past few years.