Almost 200k Job Cuts in Tech Pushes New Grads to Wall Street

Re:Almost 200k Job Cuts in Tech Pushes New Grads to Wall Street by giantg2 on Tuesday May 23, 2023 @11:23AM (#36045627)

This is actually happening already to a degree. Due to the pandemic work situation and inflation, many lower paying sectors had better wage growth (or at least less real wage loss). Not a large change, but a slight shift.

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Re:Almost 200k Job Cuts in Tech Pushes New Grads to Wall Street by gumballindie on Tuesday May 23, 2023 @01:22PM (#36047583)

That’s would be good but i dont think the wage growth is real. Rising prices eat away any pay rise they might get. It could even be that pay is actually getting lower.

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Re:Almost 200k Job Cuts in Tech Pushes New Grads to Wall Street by giantg2 on Tuesday May 23, 2023 @03:08PM (#36049213)

https://www.epi.org/press/new-report-finds-the-lowest-paid-w...

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Re:Almost 200k Job Cuts in Tech Pushes New Grads to Wall Street by gumballindie on Tuesday May 23, 2023 @04:49PM (#36050686)

Thanks for sharing this piece of news actually makes me happy.

But it would appear that there is effort being made to “correct” it:

> The Federal Reserve should refrain from raising interest rates too fast in the name of controlling inflation. Even a “mild” recession resulting from these actions will do significant harm to low-wage workers and their families.

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