> so I can only surmise that the cost savings to business by underpaying staff are even more enormous. I think this is what is going on. "Switch jobs to increa

> so I can only surmise that the cost savings to business by underpaying staff are even more enormous. I think this is what is going on. "Switch jobs to increase income" _is_ the folk wisdom, but not enough people actually "walk the walk" for it to be worth it for companies to change their strategy. As I mentioned in replying to another comment, this way companies get to retain for very cheap talent that: * finds job interviews exhausting * hates negotiating * has good relationships with colleagues they don't want to lose * has a comfortable commute or WFH arrangement they don't want to change * is proud of becoming an expert / go-to-person in some part of the business and doesn't want to lose that source of social capital * is proud of product or service they have made a big contribution to and wants to "see it through to the end" * is generally impresionable and does what management want without too much complaint