Hi, djts. Her are my feelings on the good news/ bad news about waxing floors. I think that a waxed floor is too slippery. It is just too easy to slip and fall on them and even worse when there is any water around. Also, while wax will make water bead on a the surface, it will also penetrate more than you think. The water beads do nothing but hold it in puddles where it will get thru to the wood.
A polyurethane floor is as shiny but not as slippery as a waxed floor and watere will not get thru it nearly as easily. With poly, there is virtually no maintenance, only cleaning. With wax, you have to redo the wax every couple of months and that results in a build-up out of the traffic patterns. Eventually, you will have to take all the wax off and redo it. And the wax will let the pets scratch the floors much more easily than a couple of good hard coats of poly.