LIBERAL PRESS, WISHFUL THINKING OR POOR WRITING

I picked up this story about the Czech Republic from LewesLinks.org and am reproducing it in its entirety. The stories go away after a time, they don't have unique URLs and there doesn't seem to be any archive.

Fast Wage Growth Fuels Consumer Spending But Negative Effects Loom

Czech wages grew by almost 7% on average in the second quarter, after a nearly 8% increase the first quarter. The Czech Statistics Office said on 26 August that the average monthly wage rose to just over 17,000 korun [about $600, ed.]. The rapid wage growth, coupled with almost zero inflation and record low borrowing costs, has fuelled (sic) a consumer boom.

My problem is that the title states there are looming negative effects, but nothing in the article supports the contention. I'm not an economist but it seems the wage increase will be about 30 percent for the year. That's a handsome pay increase by any standard.

Also, it appears that the end of socialism has rapidly produced some positives for the Czech people. I can't see the negatives. Maybe I'm reading it wrong.