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by Animats 995 days ago
All those charts look pretty good. “A carpenter now is making 20% to 25% more than they did 24 months ago, and that is not sustainable.” - some employer. This is a feature, not a bug.

This is the usual employer whine. Can't get exactly the employee they want, right now, where they are, for what they want to pay, without investing in training or guaranteeing long term employment. World's smallest violin plays.

1 comments

> “A carpenter now is making 20% to 25% more than they did 24 months ago, and that is not sustainable.” - some employer. This is a feature, not a bug.

If that holds true for the average employee then it's inflation, not a wage increase.

In that case the losers are people paid in cash, which is most employees.

No, the losers are the people who are not employees: business owners mainly. Hence the whining and throwing of toys out of cots.
If prices keep up with inflation then the business owner is no worse off. They have most of their assets in the business, which is better than cash.
The losers are people paid in startup equity while their CEO gallivants about as an "investor".