“And Britain is not the only country beset by labour shortages. In America job vacancies are at their highest level for almost two decades. Manufacturers in eastern Europe are struggling to attract workers, with Hungarian wages up by 9.2% in March, year on year. Australian miners, Tasmanian fruit farmers and Canadian restaurateurs all report trouble with hiring. This has left workers with something they have long lacked: bargaining power.
It may all turn out to be transitory, as may the recent surge in inflation. But, just maybe, the world has reached a turning point.”[from The Economist]
What does “as may” mean?