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.