Will inflation return in OECD countries?

A return of inflation in OECD countries would have considerable effects: Increase in interest rates; Problems for borrowers, in particular for governments; Losses for bond investors. Given the recent structural trends in the oil and labour markets, it is unlikely that inflation will return. But the question remains whether wage earners in the various countries will succeed in changing the functioning of labour markets and in obtaining faster wage increases, which would lead to higher inflation.