"The central paradox of the Trump economy is that widespread concerns about labor shortages coexist with widespread complaints about low wages. But economists do not see it as much of a paradox—instead seeing it as a sign of dimming business dynamism and diminished worker power.
Whatever its causes, the change is striking. The last time that the unemployment rate was this low, during the late Clinton presidency, year-on-year wage growth was roughly 5 percent. It is now just above 3 percent. Moreover, wage growth has not picked up much for the past three years, even as the jobless rate has dropped down to historically low levels."
https://www.theatlantic.com/ideas/archive/2018/09/is-america-facing-a-labor-shortage/570649/
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