Is wage growth stalled in the United States?
13.3% of Americans have not received a pay raise - the highest in 4 years.
This is an increase of 3 points in 2 years, now worse than in 2001 and tied with 2008.
With a CPI inflation of 2.4%, many are seeing real wage declines.
The main job data seems strong - but beneath the surface, the labor market is clearly softening.