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And what happens with high demand and low supply?

Strangely the wages don’t rise as one would expect.

And companies are picky, they want a perfect fit for their position including the work processes and programs.

Delusional.

Are you sure the wages don't rise in high demand, low supply areas? We all just read the 7 figure salaries for people in AI stolen from one big company to another, what is that?

Yes, companies are picky, but it is slowly changing. They cannot afford to be picky anymore, but change takes time.

Health care and construction have high demand but the wages raises aren’t that high, sometimes even lower than inflation

In my part of Europe doctors are paid extremely well. Construction workers also earn quite well given the lack of qualification required, a highway worker earns more than a junior developer and even more than many mid-level developers. The raise in these 2 sectors are definitely above the IT sector for the past 10 years.

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