The transaction fee is increased for sure.
If btc fees become higher than paypal and bank fees a lot of people might be dissapointed by bitcoin and
sell their btc.This might affect the bitcoin price.
people always choose low fees!
I don't think its an issue if your sending 1 Bitcoin with transaction fee of 0.0002, its far less than 1% of the total value.
It's the small transactions that hurt. If you send 0.0004 Bitcoins you loose 50%!