> Now adding an extra 7% is not about inflation but about retaining (good) employees. Sure, and that distinction is the entire point, i.e. retention for [Silic

> Now adding an extra 7% is not about inflation but about retaining (good) employees. Sure, and that distinction is the entire point, i.e. retention for [Silicon Valley and similar] tech employee is likely not dominated by the value of 7% but what the labor market dictates in terms of compensation, benefits, and company culture; could be a lot higher but by-and-large not directly driven by consumer price increases.