News for hackers. Stuff that matters.

A comment on Silicon Valley offices less empty than other regions. Parent comment

Re:Silicon Valley offices less empty than other regions by notfromhere on Thursday December 29, 2022 @11:56PM (#34181956)
I don't think there's been a year where wage growth has actually outpaced cost of living.

Interest wage increases are going to decrease wage increases by softening the labor market

[ Parent | on HN ]
Re:Silicon Valley offices less empty than other regions by lumost on Sunday January 01, 2023 @10:09AM (#34206825)
At some point, you either get a recession/depression where prices reset - or wage growth must match cost of living increases. People can’t allocate greater than 100% of income to cost of living indefinitely.
[ Parent | on HN ]