Over the past 6 months, at work, I have receieved not one pay rise, not two pay rises, but three pay rises. I am very happy 'bout that!
If there is any sign of wage pressures, the time is now, with such low levels of unemployment.
This will certainly lead to higher interest rates.
Maybe that is why our "little Johnny" is rushing through I.R. chances so we can all go to work in our sweat-shops and earn 20 cents an hour