While that for sure is part of it, Wage Compression has been an issue for as long as there has been employment. You may want to relabel that as "inequality" bu

While that for sure is part of it, Wage Compression has been an issue for as long as there has been employment. You may want to relabel that as "inequality" but it does not change the fact that internal raises have always been less than market increases. I think there are other factors at play, like companies being very quick to pull the layoff lever these days, quick the lower headcount in bad times, and VERY VERY slow to increase headcount when it is needed. This instability i believe it a huge factor Also reductions in other compensation not just wages (Time Off, Health Care) and often inflexibility with the employers over all. Just to name a few.