In light of falling unemployment rates, economists have been predicting faster wage growth. The logic is obvious. With fewer available jobseekers, expanding employers need to offer more money to fill job openings.
Moreover, as demand for workers expands, more current employees are likely to be lured to other firms, but only if those other employers offer higher compensation. All of this serves to expand wages, but rather than accelerating, growth in American wages has been leveling off recently.
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