In Norway we have employers' organisations[0] and unions[1] that takes care of the overall wage adjustment negotiations, and it usually ends up higher or equal

In Norway we have employers' organisations[0] and unions[1] that takes care of the overall wage adjustment negotiations, and it usually ends up higher or equal to inflation. Personally, I'm running a tiny IT-consultant company together with six close friends. Because the market is so volatile for us, everyone is paid based on the company's result, with a definite minimum of $120,000/year (2021. This is then adjusted for inflation every year. Everything else is bonus, except a lot goes into running expenses (of course) and a "war chest" for worse times. [0] https://en.wikipedia.org/wiki/Category:Employers%27_organisations_in_Norway https://en.wikipedia.org/wiki/Category:Employers%27_organisa... [1] https://en.wikipedia.org/wiki/Category:Norwegian_Confederation_of_Trade_Unions https://en.wikipedia.org/wiki/Category:Norwegian_Confederati...