[gumballindie]

> I hope the tech bubble deflates permanently and allows salaries across professions to normalize so that there is more balance in society.

Yeah but normalisation usually involves deflating people's pay instead of increasing that of "Doctor? Teacher? Nurse? Public defender? Chef?". A very odd wish to be honest.

[giantg2]

This is actually happening already to a degree. Due to the pandemic work situation and inflation, many lower paying sectors had better wage growth (or at least less real wage loss). Not a large change, but a slight shift.

[gumballindie]

That’s would be good but i dont think the wage growth is real. Rising prices eat away any pay rise they might get. It could even be that pay is actually getting lower.

[giantg2]

https://www.epi.org/press/new-report-finds-the-lowest-paid-w...

[gumballindie]

Thanks for sharing this piece of news actually makes me happy.

But it would appear that there is effort being made to “correct” it:

> The Federal Reserve should refrain from raising interest rates too fast in the name of controlling inflation. Even a “mild” recession resulting from these actions will do significant harm to low-wage workers and their families.

[sfpotter]

You think that my desire for people to be paid relatively equally so that they can pursue what satisfies them is odd?

[gumballindie]

No, i think the desire to pay others less is. Because that’s what deflating bubbles means - dramatic drop in whatever the context is. The normalisation you are talking about means everyone will be equally underpaid. Or did you think software devs were getting paid by money taken away from other jobs and now suddenly the central government will reallocate it? If anything they’ll get paid less because there’s less tax revenue and more corporate profit.

[sfpotter]

Why do you think software engineers getting paid less means everyone will be getting underpaid? How are you deciding what the correct level of pay is?

[gumballindie]

That’s twisting my words and deflecting my question. What i said was that instead of having at least some people earning what everyone else should we will instead have everyone earning a low wage. Worse, cutting pay from software workers would mean less tax paid and less money available. The money will accrue in tax havens and banks well hidden from you and i. Also do you think that software devs are taking money away from the jobs you mentioned? Do you think the money they will loose will be magically diverted to pay raises for workers in other industries instead of filling in the pockets of those inciting this class war?