The unemployment rate is low by any historical standard at 5.3 percent. Businesses are complaining of worker shortages in industries includinghealth care, construction and trucking. Household-name companies like Walmart and McDonald’s have announced increases to their pay for low-wage workers.
Add those together, and it would seem to point to 2015 as being the year American workers start seeing substantially larger paychecks. The only problem: There is no real evidence in the economic data that this is happening.