White collar jobs like tech have been negatively impacted, but most other industries have seen significant wage gains [0]
All this "woe is I" layoff bullshit when millions of non-Techies might have been left on the streets when Covid hit, while we were happily working remotely and purchasing stocks or property.
I'm skeptical that you go from the lowest rates in history, over the longest period in history, to the fastest hikes in history...without some serious economic repercussions.
>significant wage gains.
Consumed by inflation, for the most part (but at least we kept pace). The average person isn't wealthier.
You don't feel it in SF/NYC/Boston/Seattle but that's also due to industry skew, and you absolutely feel the economic change in cities like ATL, Phoenix, Columbus, etc
In the tier 1 cities I mentioned, wages are growing much slower than the cost of living, but that isn't true for the rest of the country anymore.
[0] - https://www.statista.com/statistics/1351276/wage-growth-vs-i...
You only got 3% because you were not able or willing to find a buyer to give you more than 3%. Any other reason is just the buyer being polite.
Obviously, this works both ways too.
This is a conversation about America, not your country.