I would like to see the stats on that. A lot of times people who are in the industry or know someone in it see their wages and others’ wages going up and say “wages went up with inflation” where the starting wage or the wage normalized to seniority level actually hasn’t changed much at all. For example, in engineering like electriical (outside of silicon valley in the US which has its own economical wage ecosystem) has had entry level positions that have gone up around 20% since the 2008 while inflation has gone up almost 50% since 2008 and productivity has skyrocketed with CAD advancements.
I would like to see the stats on that. A lot of times people who are in the industry or know someone in it see their wages and others’ wages going up and say “wages went up with inflation” where the starting wage or the wage normalized to seniority level actually hasn’t changed much at all. For example, in engineering like electriical (outside of silicon valley in the US which has its own economical wage ecosystem) has had entry level positions that have gone up around 20% since the 2008 while inflation has gone up almost 50% since 2008 and productivity has skyrocketed with CAD advancements.