One of the First Things You Learn in Economics 101 is Supply and Demand
Unemployment is low, and companies are making money. Like most economic theories, the ebb and flow of supply and demand under these circumstances should lead to bigger pay checks. But they aren’t. Why? Because when it comes to wages, other factors override economic truisms. Supply is about how much of a product you have, and demand is how much of a product people want. If there is more demand than supply, prices should go up. If there’s more supply than demand, price is supposed to go down. [...]