News for hackers. Stuff that matters.

A comment on Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid. Parent comment

Re:Tech Salaries in 2022: Why the Six Figure Pay Makes Techi... by indecisive_user on Wednesday May 11, 2022 @04:13AM (#31337188)
Ok, but the cumulative inflation rate since January 2020 is still around 11%

$1 in January 2020 is worth $1.11 today

https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1&year1=202001...

[ Parent | on HN ]
Re:Tech Salaries in 2022: Why the Six Figure Pay Makes Techi... by refurb on Wednesday May 11, 2022 @04:28AM (#31337286)
It is, but that's also over 2 years and 4 months, so an annualized inflation rate of ~4.6%, which my salary didn't keep up with, but only barely.

I don't disagree that inflation is overtaking wage increases, just that the magnitude isn't that large....yet.

[ Parent | on HN ]