Employers are facing price hikes from two angles, their costs of doing business are going up and their employees are coming to them looking asking for a wage in keeping with the cost of living.

Unlike the 2008 downturn, businesses are facing a sudden spike in all input prices such as labour and raw materials.

Ian Guider, columnist with the Business Post joined the Last Word to discuss.

Catch the full chat by pressing the Play button on this page.