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A comment on Exceptional off-cycle compensation adjustments for software engineers in 2021. Parent comment

Re:Exceptional off-cycle compensation adjustments for softwa... by sokoloff on Wednesday November 24, 2021 @03:14AM (#29327896)
It seems literally impossible for an entire market to be paying under market. This market equilibrium is definitely rising over time, but it’s still a market.
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Re:Exceptional off-cycle compensation adjustments for softwa... by amimetic on Wednesday November 24, 2021 @05:13AM (#29328530)
The economic theory would be something like given lack of (senior) engineers, salaries should rise to expected marginal revenue.

Conflating actual outcomes in real markets with economic theory is typically unhelpful.

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Re:Exceptional off-cycle compensation adjustments for softwa... by sokoloff on Wednesday November 24, 2021 @09:24AM (#29330225)
Microeconomic theory would cap total marginal costs (including COGS) at marginal revenue, not just salaries.
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