I know it probably will cause a sh**storm in the comments, but something that people seem to keep missing is that the usa is now starting to go into deflation and that over time this means that wages will go further.

I don't particularly prescribe to any economic ideology, but I'm going to take a minute to disagree with Keynesian when it comes to inflation. The reason why is that the main things that were driving up inflation was the governmental spending and ever increasing oil prices. Governmental spending versus the past dozen years is considerably less and oil prices are down thus creating deflation. The reason why I think the deflation isn't short term is that if you were to take into inflation into account for products the average cost of products is considerably down in a lot of industries; basically advances in production of products to drive down costs means lower costs. Sure in ten/fifteen years oil will be back at $4/gallon, but by then oil consumption will be considerably down in developed countries.

TL:DR; now that oil prices are down and governmental spending is down the usa probably is going to go into a decade of deflation in which employee wages will go considerably farther.