The real reason you’re not getting a pay raise
“The economy is growing strongly, the unemployment rate has been at or below 4.5 percent for 16 straight months, but wage growth remains disappointingly low. Wages are growing much more slowly than the last time we had sustained low unemployment rates, the late 1990s. This is the notorious ‘wage puzzle,’ a topic that has been the subject of much speculation by everyone from Federal Reserve Chair Jay Powell to pretty much every economist I follow on Twitter.”