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Which is good for us (software engineers). I have noticed the same thing in Europe. Even though it's nowhere near Silicon Valley, I have noticed salaries in Lon
by richardknop 9y ago
Which is good for us (software engineers). I have noticed the same thing in Europe. Even though it's nowhere near Silicon Valley, I have noticed salaries in London rising faster than they used before. So there's definitely shortage of talent and market (supply / demand) seems to be reacting to this and driving salaries up.
- adventured 9y agoDefinitely. Incomes and growth are starting to pick-up in Europe and Japan (finally) as well. Much of the globe is in sync on this expansion. I'm not sure if that means we're getting close to the next recession pull-back, or if the global economy is finally fully pulling out of the great recession era. There are some indicators aggressively pointing both ways right now. I'd like to see it continue for a while yet just so workers can see a meaningful net wage gain vs 10-15 years ago. At least in the US, corporations can afford to give up some margin due to a tight labor market, given the profit boom over the last decade (plus the inbound corp tax cuts).
- richardknop 9y agoI hope Japan finally gets a break. They have been in a stagnation for such a long time and it had to be really tough for young people. There is already a sizable lost generation, Japan really needs to get some growth going so the new generation gets some economic boost (and is able to afford to raise a family) and doesn't become second lost generation in a row. That would be really bad.