VC will follow the public markets, as it always does. Valuations will tank and funding will dry up.
I think this is the end to the 450-500k IC offer
https://sgp.fas.org/crs/misc/R45090.pdf From the first bullet point of the summary:
"By contrast, middle (50th percentile) and bottom (10th percentile) wages grew to a lesser degree (e.g., women) or declined in real terms (e.g., men)."
Here's the chart that most people cite when taking about wage stagnation: https://www.weforum.org/agenda/2019/04/50-years-of-us-wages-...
That chart (which isn't actually median wage, it's excluding supervisory workers) shows flat wages between 1973 and 2019. But it shows rising wages between 1980 and 2019.
It is important to note when people talk about wage stagnation that median wages have risen pretty steadily since 1997, with an extended period of decline or stagnation before that.
Current median household income is 74,099.
But! 53% of households have dual income in 2022. Up from 51.8% in 1980.
The net is wages are then depressed from 1980 levels.
https://www.census.gov/library/publications/1982/demo/p60-13...
(EDIT: For whatever it's worth, in general the reason why people who talk about wage stagnation focus on wages instead of household income is that median household income has steadily increased over the last 50 years in a way that median wages haven't. I don't have time to dig into why your two datapoints aren't showing that, but here's a real median household income graph (it only goes back to 1984, didn't find one immediately that goes to 1980). https://fred.stlouisfed.org/series/MEHOINUSA672N
In terms of median wages, people gloss the graph I previously linked as "stagnation," but it's not -- it's a drop from 1973 to ~1997, then a rise from 1997 to current (with some fluctuation mostly around the Great Recession of 2008). It's true that 1973 is approximately equal to 2019, but when people hear that wages "stagnated," they generally take away that it was mostly flat in that time, which it wasn't. So they then imagine that from start of any time in that time period to 2019 is mostly flat, which again, it isn't.)
Not to mention inflation and low unemployment numbers. even if what you're saying is true, how could it stay that way for longer than a year or so
Engineer salaries have been subsidized by VC and low interest rates. Now that that's drying up layoffs are coming and under-funded companies will start folding. Labor will (hopefully) be efficiently reallocated towards companies that can actually generate profits from that labor. The number of tech companies that can do that are few.