Microsoft's CEO Says No Raises for Full-Time Employees This Year

Dupe: https://news.ycombinator.com/item?id=35889709

Comments moved thither. Thanks!

Weird. Here in Sweden we get, generally, a higher wage increase than normally. IT included, as far as I know. Honestly I think people would try jumping ship qiuckly if they did not get a yearly increase. On other hand, maybe thats the intended result.

I guess the difference is that the compensation levels in IT here are not, and were never, close to the stratospheric levels as in the US.

> I guess the difference is that the compensation levels in IT here are not, and were never, close to the stratospheric levels as in the US.

Apart from maybe some few jobs in Switzerland I don't think anywhere else in the world is even close to the stratospheric levels of tech salaries in the USA...

The situation is completely unhinged as more than 50 percent of inflation has been found to be driven by corporate profits.

WSJ (article): https://news.ycombinator.com/item?id=35795299

WSJ journalist (interview): https://youtu.be/gaO4rAJEnBc

US Rep. Katie Porter (congress hearing): https://youtu.be/hIuA5MNs87A

Please don't copy-paste comments on HN. It adds noise and makes it a pain to merge the threads.