Workers wages and salaries grew 2.4 percent over the past 12 months. That's down from 2.6-percent growth half a year ago. Which not only means there has not been a lot of growth, but that what we have had is slowing.
On top of that, total compensation, which includes things like salaries plus health benefits and bonuses, has not been growing at a comparable rate.
As the wage growth slows, other costs of living like housing, food and transportation continues to rise at a much higher rate--putting more pressure on peoples’ pockets.
To see more, check out the South Florida Business Journal report.