Labor costs are well behind economic growth rates, and all forms of compensation, including bonuses and stock options, are slowing.
Inflation appears to be under control.
It is rather remarkable in an economy of near-full employment that there is minimal inflation. It defies much of what is held sacred in economic theory. But, again, technology is the answer. Rather than build up the workforce that would be threatened by the next down turn, companies are investing in technology instead. The declining price of capital and increasing price of labor makes this a natural strategic alternative.