[webmaven]

> The biggest issue I saw was salaries stagnated for a really long time and companies took advantage of the job market to hold the salary growth down. To be clear, salaries didn't go down so much as they just leveled off and stayed there for WAY too long IMO.

Salary stagnation may be more painful this time around, due to higher inflation.

[davismwfl]

Totally agree, it was different in 2001 and 2008/2009 as inflation wasn't a major factor, now inflation is essentially acting like an additional tax. So if people lose 8-10% for a couple of years and salaries stagnate I think we will see much different market condition especially for employment.