Why aren't wages growing faster?

At first blush, America got a doozy of a jobs report last week. Employment jumped by 313,000, its biggest single-month gain since mid-2016. But there also was some attendant weirdness: The unemployment rate didn't budge, and, worse, wage growth actually slowed down. That dip in wages, in particular, reveals a lot about America's economy. You might remember last month when it was reported that wages had grown 2.9 percent between January 2017 and January 2018. That was higher than...