I don’t know which of you is right, but I think you’re saying different things. They’re saying positions that are actually open right now are paying less, and you’re saying salaries for existing employees are flat. They could be right if the positions which are open are only recruiting those with lower salary expectations.
No, I’m saying pay for new openings is flat. I just went through a job search, the numbers in the level.fyi data match my own job search experience looking at current openings.
- soda is up about 50% for name brand, and generic soda is up around 80%
- diesel is up, what 50%? how much is regular gas in california?
- housing "values" where I am at are up 25-40% in the last two years
- Potato chips are up at least 40%
- Apples are much more expensive
- Restaurants are up at least 25%, some 50-75%
Many of these products went up by these amounts yet also engaged in shrinkflation. The biggest example of this is Chipotle which almost doubled the cost of its burritos but also shrunk them in size by about a third.
Governments are motivated to reduce inflation in inflation statistics. Perhaps the cost of goods for the ultra-rich hasn't really changed much, but for the poor (or cheap) they have all gone up quite dramatically in two years.
oh god, how will SF SWEs survive with more expensive potatoe chips and soda. Maybe stop drinking poison and processed foods and you'll be fine. A whole rotisserie chicken is only $8.99 at whole foods
https://www.levels.fyi/2023/