Quote:
Originally Posted by zimmy
Who wasn't paying attention? Real data contradicts your statement. Wage growth has been and continues to be low.
"The modest increase in annual raises would seem to defy Economics 101. The unemployment rate has been below 5% since May 2016. Many companies are having a hard time filling positions, particularly for skilled workers. Typically, when the demand for workers grows, wages go up.
One possible explanation: Older workers are retiring and being replaced by younger workers who earn less, which drags down the aggregate increase. Another factor: Many employers are no longer offering equal raises. "
https://www.kiplinger.com/article/bu...s-in-2018.html
also https://www.bloomberg.com/view/artic...-bigger-raises |
1st raises and new job salaries are 2 different things. Once an employer hires you raises are not going to align with what new hires are going to receive as the demand increases
2nd this is from one of the articles you posted
“The first quarter of 2018 did see substantial compensation increases — an annualized rate of almost 4 percent.”
Which aligns with what we were saying about as the demand for skilled workers increases the compensation increases
3rd your post even reiterates what we said
“Typically, when the demand for workers grows, wages go up.”
And even gives a reason why it may be slow through this cycle. Inexperienced people, who do not command as high a salary, as the experienced people who are retiring did.
It also doesn’t happen immediately, the wage decrease that occurred when the dot-com bubble burst took a few years to correct itself and now developers are reaping increased compensation.
Posted from my iPhone/Mobile device