Quarterly US Wage Growth Plumments

Since 2009 the Quarterly Wage Growth as compared to a year ago has dropped dramatically.  The red line is an 8 Quarter Moving Average.   As you can see it's now dropped to around "0" which is the lowest on record since the late 1940's.  Thus as the cost of things we buy continues to go up our wages are stagnating significantly.   Something is going to give soon.  Either wages have to start going up or the consumer is going to stop consuming and only buy things that they really need to survive with (food for example).