Article in today's NYT puts a face on rising interest rates in an interview with Joyce Diffenderfer who has $16,000 in credit card debt: "Unless there is a sizable jump in rates, let's say two percentage points within a year, I'm not going to think much about it," said Mrs. Diffenderfer, 47, who earns $14 an hour fielding customer calls at Kunzler & Company, a manufacturer of sausages and frankfurters in this southern Pennsylvania industrial city on the fringe of Amish country. "Less than two percentage points we can handle just by not eating out as much," she said, swiveling her chair away from her computer for an interview late in the day, after the phone calls died down.

Forget rising interest rates. Mrs. Diffenderfer should feel lucky to have a job. Fourteen dollars an hour call center jobs won't be around much longer.