Absolutely, my best reading is 9 percent anfter factoring the official inflation numbers and it’s really affecting the greener staff. But it’s still double the average US knowledge worker.
I think it’s pretty unevenly distributed. Definitely affecting some segments more than others. Everyone I know who’s a general purpose software engineer is worried (almost), but everyone I know working in AI really is not.
I’ve seen this show before though. This happened in 2001 and 2009 as well…
My signing RSUs have all vested and were not renewed, and my salary increase hasn’t matched inflation. I’m pretty sure I can end up effectively better paid by moving this year.
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Even if you can find a sw Eng job, salaries have dropped to ~2019-2020 levels
Factor in inflation since then and it’s a huge effective pay drop
Absolutely, my best reading is 9 percent anfter factoring the official inflation numbers and it’s really affecting the greener staff. But it’s still double the average US knowledge worker.
https://www.zdnet.com/article/tech-salaries-are-dropping-her...
I think it’s pretty unevenly distributed. Definitely affecting some segments more than others. Everyone I know who’s a general purpose software engineer is worried (almost), but everyone I know working in AI really is not.
I’ve seen this show before though. This happened in 2001 and 2009 as well…
My signing RSUs have all vested and were not renewed, and my salary increase hasn’t matched inflation. I’m pretty sure I can end up effectively better paid by moving this year.
Best of luck.
My pay peaked in 2001. If subsequent job moves and raises had kept up with inflation, I'd be making just under $150,000 a year today.
As it stands, the job market is so poor (and my skills need updating, to be honest) I'm having trouble getting a job that pays even $80k.
Are you in tech?