Regardless of Ben - if one believes that bonds yields should be much higher than - one must believe that inflation should be higher/increase. To increase inflation one has to support wages increases.
However, worldwide unemployment is high, wage increases are not excessive.
As for the US - if one believes in mean reversion than one must believe in a slow but steady employment and wage recovery. Low-paid and part-time job creation is not inflationary. And something has to give... corporate profits?!
As for Ben - like him or loath him - he communicates fairly well.
