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> I don't know where you are I started my original comment above with "Here in Germany...". As for current income data, it does not really matter at all? Bec
by nosianu 4y ago
> I don't know where you are
I started my original comment above with "Here in Germany...".
As for current income data, it does not really matter at all?
Because whatever the current level is, it's not part of my argument. It's about the market mechanism - higher demand should lead to higher wages. The dynamic behavior, the price changes. And we don't have that, even if you can show some increase, it's nowhere near the changes in demand. In many sectors.
The argument was, if there really is a shortage, since we have a market, we should see or have already seen significant increases in compensation to signal the truth of such claims. We have not, not even close, for many years.
The only kind of jobs where compensation increased far far above inflation was - the very top levels of management. Citing a statement from https://www.businessinsider.de/wirtschaft/manager-gehaelter-steigen-waehrend-untere-mittelschicht-weniger-verdient-a/ https://www.businessinsider.de/wirtschaft/manager-gehaelter-...
> Führungskräfte haben ihren Gehaltsvorsprung laut eine Analyse der KfW zwischen 2010 und 2020 weiter ausgebaut. Ihr Gehalt stieg in zehn Jahren um fast 27 Prozent – auf fast doppelt so viel wie der Gesamtdurchschnitt aller Leistungsgruppen.
Translation of the main point:
Managers compensation between 2010 and 2020 increased about twice as much as the average of all groups.