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I know so little about economics that I probably shouldn't even bother replying. But I guess from what I see "on the ground", the thing that bothers me is that prices shot up at a rate that I'm pretty sure I've never before seen cumulatively in all of my prior life experience, and it did this all just in about 2 years. And meanwhile, I haven't seen wages of anyone I know grow to match it. In fact, I (someone who's moderately high up in big tech, who under most circumstances should probably expect to be doing better than most people both in and out of my industry) am actually making less now than I was before the inflation, not even factoring in the fact that my money's worth less. I find that really unsettling.
Why would you expect to have your wages grow faster than others just because you're in big tech or just because you're high up? If anything I would expect the opposite, because of reversion to the mean and because big tech specifically has had a massive reduction in demand, totally unlike most other industries, in particular those than employ low skilled workers, which have seen the largest increase in wages.
Well, if that's the case, that industries that employee low skilled workers have seen the largest growth in wages, while highly skilled workers haven't seen it, then that's enough to cause significant confusion, at least. The kind of confusion that could cause many many people to think something is terribly wrong, regardless of whether or not it actually is. When have we ever seen that before? I wouldn't have expected that under most circumstances, and I'm still not sure I understand why that would be the case in this situation. In just about all previous situations for the past 3 decades, big tech has been at the forefront of wage growth.
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