I've found wages to be increasing, but not necessarily against inflation.
General trends I've gathered (opinionated loose observations):
- Wages in smaller cities have increased the most.
- Costs of living in smaller cities have greatly increased relating to remote work and current events.
- Wages have greatly increased at the very top and upper bottom.
- Median wages have increased the least and often not kept up with inflation.
- Wages at the very bottom haven't changed much.
Personally, I don't believe my wages have kept up with inflation and cost of living. ~10 years ago I was on salary without stock and my current base pay is ~16% lower, my target TC is only 35% higher, but reality is looking more like 20% more. If I were to target 5% growth in pay per year, the increase should be closer to 62%. And keep in mind housing costs have more than doubled...
All of this completely ignores career growth, my title is higher than it was 10 years ago.
General trends I've gathered (opinionated loose observations): - Wages in smaller cities have increased the most. - Costs of living in smaller cities have greatly increased relating to remote work and current events. - Wages have greatly increased at the very top and upper bottom. - Median wages have increased the least and often not kept up with inflation. - Wages at the very bottom haven't changed much.
Personally, I don't believe my wages have kept up with inflation and cost of living. ~10 years ago I was on salary without stock and my current base pay is ~16% lower, my target TC is only 35% higher, but reality is looking more like 20% more. If I were to target 5% growth in pay per year, the increase should be closer to 62%. And keep in mind housing costs have more than doubled... All of this completely ignores career growth, my title is higher than it was 10 years ago.