4 ms·

Ask HN: Anyone actually seeing wage increases in tech due to inflation?

12 points by jesuscript 4y ago

incomingpain 4y ago
My raise this year matched inflation, back when inflation was like 5%. They knew it was going to go higher... give the raise early and win later.
- ManlyBread 4y ago
  Similar story here. Got a 7% raise out of the blue after being employed just mere 6 months. I mean I appreciate the move but right now the inflation rate is more than double of that so it's not like this means a lot long-term. For context the inflation rate last month has reached 17%.
superchroma 4y ago
Maybe in management. Man, I need to change jobs.
mustafabisic1 4y ago
My review will be in April. I feel it might happen then very easily. So far nothing
breckenedge 4y ago
There are going to be more engineers around due to layoffs, so I wouldn’t expect inflation to be baked into a raise. In good times or bad, I’ve found the best way to negotiate a raise is find a new employer who is willing to pay you what you think you are worth. Get an offer and take it to your current manager.
- gwnywg 4y ago
  From experience, I'd argue against this strategy. I have done this once and it resulted in quite problematic situation as I started to be perceived as somebody who looks for greaner grass... If you want to earn more and your current job does not pay that aftrer you ask for a rise, go somewhere where you will be paid what you want, don't play games..
jmoak3 4y ago
A lot of the labor inflation is in markets affected by the retirements of the older generation, and Tech is famously young. There's also labor inflation in markets suffering drain to ones where demand is growing (healthcare etc), but I don't imagine a lot of them are clamoring to bring in software engineers to fill gaps cause we're so specialized. I think Tech is a little isolated on these fronts from the pressures, and with the rise in rates the amount of investment in the area is likely down leading to less jobs and more free engineers, driving down real wages after adjusting for inflation. I'm open to being very wrong (hope so) but my expectations are low. I expect a raise just not 8.whatever_inflation_is. Good time to be a trades person though!
eb0la 4y ago
Minimum wages will get a raise soon in some countries. In theory when this happens, the rest get a raise. Not automatically, but some people suddenly stars earning minimum wages and they either quit/switch jobs to get a better play or get more compensation from union agreements. It will happen
msarrel 4y ago
No. I asked for a cost of living adjustment and was turned down.
jamespetercook 4y ago
When inflation hit 10% in the UK last month my employer brought forward the annual January pay increase. We all got a 5% bump. Last year it was 1%. Edit: I work in the education sector. Our dev team has 4 people in a company of ~250. It’s not really “tech”
than3 4y ago
No, there's been significant inflation and employers are playing hard ball like we can absorb the cost. Its just crazy stupid.
faangiq 4y ago
No. Code monkeys only exist to be exploited.
tlowe11 4y ago
Our company's most recent round of raises were below inflation on the year

12 points by jesuscript 4y ago

My raise this year matched inflation, back when inflation was like 5%. They knew it was going to go higher... give the raise early and win later.

ManlyBread 4y ago
Similar story here. Got a 7% raise out of the blue after being employed just mere 6 months. I mean I appreciate the move but right now the inflation rate is more than double of that so it's not like this means a lot long-term. For context the inflation rate last month has reached 17%.

superchroma 4y ago

Maybe in management. Man, I need to change jobs.

mustafabisic1 4y ago

My review will be in April. I feel it might happen then very easily. So far nothing

breckenedge 4y ago

There are going to be more engineers around due to layoffs, so I wouldn’t expect inflation to be baked into a raise. In good times or bad, I’ve found the best way to negotiate a raise is find a new employer who is willing to pay you what you think you are worth. Get an offer and take it to your current manager.

gwnywg 4y ago
From experience, I'd argue against this strategy. I have done this once and it resulted in quite problematic situation as I started to be perceived as somebody who looks for greaner grass... If you want to earn more and your current job does not pay that aftrer you ask for a rise, go somewhere where you will be paid what you want, don't play games..

jmoak3 4y ago

A lot of the labor inflation is in markets affected by the retirements of the older generation, and Tech is famously young. There's also labor inflation in markets suffering drain to ones where demand is growing (healthcare etc), but I don't imagine a lot of them are clamoring to bring in software engineers to fill gaps cause we're so specialized. I think Tech is a little isolated on these fronts from the pressures, and with the rise in rates the amount of investment in the area is likely down leading to less jobs and more free engineers, driving down real wages after adjusting for inflation. I'm open to being very wrong (hope so) but my expectations are low. I expect a raise just not 8.whatever_inflation_is. Good time to be a trades person though!

eb0la 4y ago

Minimum wages will get a raise soon in some countries. In theory when this happens, the rest get a raise. Not automatically, but some people suddenly stars earning minimum wages and they either quit/switch jobs to get a better play or get more compensation from union agreements. It will happen

msarrel 4y ago

No. I asked for a cost of living adjustment and was turned down.

jamespetercook 4y ago

When inflation hit 10% in the UK last month my employer brought forward the annual January pay increase. We all got a 5% bump. Last year it was 1%. Edit: I work in the education sector. Our dev team has 4 people in a company of ~250. It’s not really “tech”

than3 4y ago

No, there's been significant inflation and employers are playing hard ball like we can absorb the cost. Its just crazy stupid.

faangiq 4y ago

No. Code monkeys only exist to be exploited.

tlowe11 4y ago

Our company's most recent round of raises were below inflation on the year