The notion that inflation is the real fear is not borne out by the numbers...listened to the dire warnings for the last 5 years and we are still at around 2.. it just never happened....Lots of smart folks think we are better off closer to 3....rising wages would be the single best thing to happen to an economy, 70% of which is driven by consumer spending....happy to trade some off the chart corporate profits for higher real wages across the board...