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A comment on Ask HN: Have tech salaries been stagnant for the past decade?. Parent comment

Re:Ask HN: Have tech salaries been stagnant for the past dec... by andsoitis on Thursday September 15, 2022 @09:46AM (#32851858)
> In fact, were seeing the largest increases in pay over the past two years (and i think in real pay too), and they're forecasting that will continue this year as well.

Last two years I agree, and fueled by a acceleration of business for tech companies. But continue this year? Who is forecasting that?

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Re:Ask HN: Have tech salaries been stagnant for the past dec... by giantg2 on Thursday September 15, 2022 @10:22AM (#32852474)
The Federal Reserve, among others.

https://www.washingtonpost.com/business/2021/12/08/wages-202...

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Re:Ask HN: Have tech salaries been stagnant for the past dec... by jlbbellefeuille on Thursday September 15, 2022 @01:17PM (#32855286)
Wage spirals are an untested economic theory and economists are split about the effectiveness of what the fed is doing.

The fed is assuming that inflation is being driven by wage increases.

Thus they raise rates to force employers to cut back on compensation and job openings.

How they do this with a clear conscience is beyond me.

Wage growth has lagged behind inflation, let alone productivity for 40+ years!

Inflation is caused by a lot of different factors, but wage growth doesn’t appear to be one of them.

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Re:Ask HN: Have tech salaries been stagnant for the past dec... by andsoitis on Thursday September 15, 2022 @10:48AM (#32852857)
Thanks for the link; I can’t read the article because I’m not a WaPo subscriber (I’ll see if I can find a copy somehow).

Do you know whether the Fed forecasts that for software engineering jobs? I think that is what’s most relevant for a large number of folks in this thread.

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Re:Ask HN: Have tech salaries been stagnant for the past dec... by giantg2 on Thursday September 15, 2022 @10:57AM (#32852976)
This was in response to the comment about wages decreasing for the whole economy.

I don't know of any specific forecasts. It's possible the actual report by the Fed does break down by industry, but I'm not sure.

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Re:Ask HN: Have tech salaries been stagnant for the past dec... by jaynetics on Thursday September 15, 2022 @10:54AM (#32852948)
without paywall: https://archive.ph/qqQMw (article is 9 months old, though)
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