CBS notices that, while official inflation is near zero and overall average pay is up...
Wages have long since stagnated for most workers (those outside the upper echelons of the government, finance, and entertainment sectors), while the cost of necessities (food, fuel, health care) has been increasing dramatically.
For those of us who pay attention, and live in the real world, the problems have been glaringly apparent for a long time. Like, many years. Decades even.
For the rich, there is no problem. And, if your cost of living is dominated by purchases of new shiny things from China, it's actually been decreasing. Hooray!
But if your cost of living is dominated by, oh, food and suchlike... well, life's tough.
You'll just have to tighten your belt, and buy domestic "Wagyu" beef instead of the real thing.
On a somewhat related note: maldistribution of employment has been a Silicon Valley problem since forever. It's usually the case that everyone is either unemployed or overemployed. As government policies drive headcount costs up, so that squeezing more work out of fewer employees makes ever more sense*? The problem is spreading, and will only get worse.
* To the bean-counters, anyway. With modern accounting practices, short-term financial considerations dominate business planning, which is why, for example, responsible businesses no longer do R&D.