36 ms·

Tech sector Salaries have fallen up to 15 per cent as fired talent floods market

120 points by pg_1234 3y ago

photonbeam 3y ago
Note: in australia
- LapsangGuzzler 3y ago
  I think a similar effect is seen in the US. Perusing the (notably fewer) recruiter emails I’ve gotten lately, they’re almost all below my current pay. Contrasted with a year ago, probably 30-40% of cold recruiter outreach were for higher paying gigs than my current job. I’m also seeing developers with killer resumes complaining in community slack channels about not even getting called back for follow-up interviews. These are people that I would’ve cleaned up in referral fees back when the market was hot. Times have definitely changed. It’s clear that the tech industry and engineering pay flourished under low interest rates and free flowing VC money. Those days are clearly behind us, at least for now.
  - RachelF 3y ago
    Australia also relies on migration to keep wages down. This was paused during Covid, so there is more supply of people now.
    - pj_mukh 3y ago
      This person will never be convinced, but for anyone else reading, Australia (and Canada, and America) uses migration to ward off a population time bomb [1] not to “keep wages low”. [1] https://www.macrotrends.net/countries/AUS/australia/birth-rate https://www.macrotrends.net/countries/AUS/australia/birth-ra... EDIT: sorry didn’t meant to be dismissive of the person above, but usually this topic hits way too personal for people to change minds online (see: comments below). For any passers by genuinely curious exhaustive data reviews are available [2]. Tl;dr: Immigration does not depress wages. [2] https://www.noahpinion.blog/p/repost-why-immigration-doesnt-reduce?utm_source=substack&utm_medium=email&utm_content=share https://www.noahpinion.blog/p/repost-why-immigration-doesnt-...
      - okaram 3y ago
        They are the same thing ... wages are lower than they would be without migration. Whether you count them as low or high, they are lower
      - psychlops 3y ago
        I don't get it, what's the bomb?
        lathiat 3y ago
        Population decline. Which in itself may not be a problem but has all sorts of interesting economical consequences. You get an aging population requiring care, with less people to both physically and financially/economically fund them. You also move from always having to build new houses and infrastructure to suddenly having excess housing and infrastructure that isn't needed. Not only does that eliminate a whole bunch of jobs and related economic activity but also drives prices down, etc. I am sure this is an absolutely terrible summary but you can google population bomb, population decline, etc, for much more informed takes. But basically for the last 100 years the entire world and economy has run on an ever-inflating path and that could change at both a country and world level.
        2143 3y ago
        After a period of decline, it'll eventually fall off a cliff and weird economic after effects happen. Try reading https://longnow.org/ideas/the-heresy-of-decline/ https://longnow.org/ideas/the-heresy-of-decline/
        psychlops 3y ago
        Fascinating website, thanks for the link.
      - ralph84 3y ago
        So in response to people being unable to afford kids, we depress wages to make it even harder to afford kids. Got it.
  - automatistauto 3y ago
    A lot of work can be done by no-code and low-code tools so there is less need for software engineers in general. Linus at some point predicted that most of the web developer jobs would be going away because AI can do a lot of it. I think this trend will continue and the AI tools will continue moving down the stack until LLMs can be applied in basically every coding context with very little software engineering training. People were saying AI tools will create more jobs but it's pretty clear that this time is different and what used to require 2 engineers can now be accomplished by 1 engineer + AI copilots in the relevant domains. I think this trend will continue and the expected outcome is going to be lower demand and lower salaries for software engineers in basically all domains except maybe for very low level work like firmware, kernel drivers, and compilers.
    - smeej 3y ago
      I'm trying to fight the schadenfreude, but after years as an operations person in tech companies, being told "just learn to code!" in the most condescending way possible, by people who couldn't fathom that I was actually contentedly living on a third of their annual salary, there's something about this that feels like karma. The computers can learn to do your job too, as it turns out, which kinda makes a funny sort of sense if you think about it. After all, what should computers be more familiar with than computer code?
      - unforeseen9991 3y ago
        The true end game always has been being an overseer of the technology. Sysadmins and sysops are one area that will never go away as there will always be another system to manage. It doesn't matter if that system is human, computer, or both.
        m0llusk 3y ago
        One of my friends works as an admin. His group is shrinking fast as people retire and are not replaced. They are forced to automate everything they can as quickly as they can just to keep things going. Seems like pressure to reduce overhead is combining with sophisticate tools to put a squeeze on admins.
- colordrops 3y ago
  Also in mice
  - waveBidder 3y ago
    there has been an uptick of Australian job market news on hn recently
dcow 3y ago
(meta) I’m getting tired of seeing paywalled content on HN. I wonder if we could tag links as such and have an option to hide paywalled links. Or just outright ban them.
- deleted 3y ago
  [deleted]
- arkadiyt 3y ago
  Just disable javascript and you can bypass 90% of paywalls, including this one
  - kalleboo 3y ago
    Safari Reader mode is also an easy way to bypass them (right-click on the address bar, site settings, use reader mode when available, refresh page) that also worked on this site
- grecy 3y ago
  Maybe HN could automatically link to the Internet Archive version of the story once someone posts it as a comment like often happens...
  - pcthrowaway 3y ago
    archive.today (archive.ph and archive.is) is not The Internet Archive. It's a separate archival service which seems to be optimized to bypass paywalls (though there's very little information about the motivations for running it, where the funding is coming from, the country of origin, or techniques they're using to bypass said paywalls). I believe it's discouraged (maybe even against HN policies) to make a submission with such a link, because it makes it impossible to tell what the original source of the article is without clicking it.
    - resolutebat 3y ago
      This was discussed recently: https://news.ycombinator.com/item?id=37009598 https://news.ycombinator.com/item?id=37009598
slavetologic 3y ago
Most tech talent isn't worth anything. A few are worth an insane amount. Companies can't tell which are which until they're in the door. The laid off workers are in the mediocre and lower bucket. This is a viewpoint I've been told by HR at multiple top quant funds
- kstrauser 3y ago
  LOL, just no. SOP for poorly run companies is to lay off the most expensive employees, regardless of how much value they bring to the table. That principal engineer making $250K? “Why are we paying him twice as much as 2 juniors?” I’ve seen that happen way more often than companies laying off actual lower-value employees.
  - slavetologic 3y ago
    250k is entry level for the type of firm I'm talking about
    - kstrauser 3y ago
      Yes, I’m familiar with fintech. Also, with its tendency to see staff as fungible when optimizing for costs. After all, all those eng types are the same, right?
      - useEffect 3y ago
        They’re not talking about fintech.. Quant shops write algorithms to trade the stock market and the salaries are more akin to Wall St. Very different than a company like Robinhood
        unforeseen9991 3y ago
        Quant jobs shouldn't even be considered tech jobs. They are more like mathematicians, with a side of wizard. Useless in any discussion about the tech industry as they are an extreme outlier
vhiremath4 3y ago
https://archive.ph/lTQp2 https://archive.ph/lTQp2
datavirtue 3y ago
Our hourly rate keeps going up. Note: in Ohio
- deleted 3y ago
  [deleted]
- jononomo 3y ago
  What is your hourly rate? I currently bill at $58/hour.
  - itake 3y ago
    Not OP, but for GA clients, I bill at $130/hr.
    - unforeseen9991 3y ago
      $120-175/hr CAD for me, specializing in on prem infrastructure and DBA, clients coast to coast but mostly Ontario. The rate is more determined if I am going through a middleman (usually a MSP) vs direct rather then supply and demand. This hasn't changed through inflation though. Those rates are the same rates for the last 10 years or so.
      - sohnakukkar 3y ago
        Which middle man do you use? What is their cut?
    - sohnakukkar 3y ago
      What is "GA clients"?
      - thebigspacefuck 3y ago
        Georgia?
  - teaearlgraycold 3y ago
monkeycantype 3y ago
The headline is part of the story. The other part of the story is "cooled as migration returned and a visa backlog cleared". If you spend time talking to tech workers on visas in Australia, you'll find a common story, most will be working for a large contracting company, on a contract signed in their home country. Regardless of how Australian law should apply, this leaves many workers feeling vulnerable in their negotiations with their employers. this is absolutely used as a lever to drive down tech wages in Australia, and it takes very nuanced communication skills to point out how damaging it is to our society to bring people into work but denying them access to full democratic rights and standing to negotiate their working conditions.
ProAm 3y ago
Job hopping doesn't work out long term
- mvncleaninst 3y ago
  What does this have to do with job hopping?
  - ProAm 3y ago
    A lot of these companies over hired the past 3 years in a mini arms/labor race. People were hopping jobs and getting 25%+ increases in comp. No one could hire fast enough or enough people. But now that the economy is cooling, there isnt any free money, and some of the labor hired isn't doing work to the level they are being paid at, companies are looking for ways to trim fat. This is an easy way to do it. Everyone that moved, or that the company feels is being lazy, or not contributing to the level they want will be the first to go. Im not arguing the validity of their thoughts and if remote work is good or bad, or etc.... It's just an easy way to save a lot of money, and keep better tabs on your workforce.
    - mvncleaninst 3y ago
      You're making two assumptions that stick out to me: - job hoppers perform worse (as opposed to better) than people who stay put - layoffs are based on contribution level Two things that if believed in aggregate will make it easier for companies to short and manipulate employees into overworking and staying. I don't buy it personally
      - ProAm 3y ago
        Not all job hoppers, Im saying we just went through a period of time where companies were hiring as fast as they could and the salaries were high because of the arms race, our of proportion to what they normally were for the given experience level. Many of the job hoppers were not at the skill level they should have been, but what does it matter a person stays around for a year or less to take another 25% increase and move down the road. Not all layoffs are based on contribution level, but once a company realized they have over hired, and are paying more than they should it is very easy to start chopping heads. And an easy legal way to do it is to force an in-office schedule. I dont think they care if they over work or not, I think they want the comp expenditure back, and want to be able to keep their thumb more closely on 'productivity'
Clent 3y ago
All those layoffs were so they wouldn't have to do 20-40% pay increases. Should have unionized while we had the chance. At least a trade guild to protect ourselves. Oh well. It was fun while it lasted.
- wwtdtgotiatl 3y ago
  IT workers have a union in Australia. https://www.professionalsaustralia.org.au/ https://www.professionalsaustralia.org.au/
mvncleaninst 3y ago
Honestly I don't feel super bothered by this, not because I'm content with settling for sub-par comp, but because (in California at least) the housing market and average comp are correlated At the end of the day, if the housing market is going to soak up the additional surplus value, why should I care?
- waveBidder 3y ago
  land value tax would solve this
- nightowl_games 3y ago
  I agree. I'm from way outside California where the salaries are far lower. I've always thought the over inflated salaries of the valley were kinda toxic. Friends who I graduated with who were C students were making double what I make. One time I asked a web dev friend of mine what he thought of Kubernetes and he didn't even know what it was. This was just a couple years ago. I was shocked at little he knew and how much he got paid. He also had saved very little money, as it was all going to taking Uber to and from work and eating out every meal. Just seemed like a broken culture. Meanwhile I ride a bike to and from work and spend a ton of time cooking and cleaning, ya know, normal stuff. His life was exciting but there just seems to be a void in there when your making so much money and spending it all on having people serve you. Like in your mind, you must think you deserve it. But in my mind, you don't. I know it's controversial and all, but that's my honest belief. Silicon Valley is amazing and there are truly great people there. But does a C student web dev who kinda doesn't give a shit really deserve 150$k/year? I assure you, he does not. Not while there are far more qualified people all over the globe who will do that job for half. Sure, remote work is hard, and having the team located locally is valuable, but the wealth is simply too centralized in this one location. It's causing a morphed self image to the people there. An over inflated ego. A condescension to outsiders. A constant need to justify their position. The culture needs a humbling. The wealth needs to spread.
  - afavour 3y ago
    I don’t think a web dev being unaware of Kubernetes is that rare, especially if we’re talking about a front end dev. Particularly in large companies jobs are very tightly segmented, the dev might just be given the URL for the backend API and not be expected to know much more about it than that.
Sytten 3y ago
You can tell the bias of the article by reading the first sentence. It's funny when you read complaints of big employers of other countries, they are usually the same as your own but the numbers are different. I guess that's why I don't for canadian companies even as a contractor, can't make too good of a salary as a dev that would "crazy", "indecent".
quickthrower2 3y ago
https://archive.vn/lTQp2 https://archive.vn/lTQp2
quickthrower2 3y ago
> He said salary and contractor rates have fallen by an average of 10 per cent to 15 per cent compared to 12 months ago. “The high salaries that occurred in the post-pandemic boom of tech for permanent and contract employees were not sustainable and employers are now looking to reduce costs,” Mr Munson said. Lol, so it went up 10-15%, almost matching 2 years inflation, and then it dropped. And that was unsustainable?
frays 3y ago
This article is about Australia. Is it better or worse in the US?
karaterobot 3y ago
https://archive.is/lTQp2 https://archive.is/lTQp2

120 points by pg_1234 3y ago

photonbeam 3y ago

Note: in australia

LapsangGuzzler 3y ago
I think a similar effect is seen in the US. Perusing the (notably fewer) recruiter emails I’ve gotten lately, they’re almost all below my current pay. Contrasted with a year ago, probably 30-40% of cold recruiter outreach were for higher paying gigs than my current job. I’m also seeing developers with killer resumes complaining in community slack channels about not even getting called back for follow-up interviews. These are people that I would’ve cleaned up in referral fees back when the market was hot. Times have definitely changed. It’s clear that the tech industry and engineering pay flourished under low interest rates and free flowing VC money. Those days are clearly behind us, at least for now.
- RachelF 3y ago
  Australia also relies on migration to keep wages down. This was paused during Covid, so there is more supply of people now.
  - pj_mukh 3y ago
    This person will never be convinced, but for anyone else reading, Australia (and Canada, and America) uses migration to ward off a population time bomb [1] not to “keep wages low”. [1] https://www.macrotrends.net/countries/AUS/australia/birth-rate https://www.macrotrends.net/countries/AUS/australia/birth-ra... EDIT: sorry didn’t meant to be dismissive of the person above, but usually this topic hits way too personal for people to change minds online (see: comments below). For any passers by genuinely curious exhaustive data reviews are available [2]. Tl;dr: Immigration does not depress wages. [2] https://www.noahpinion.blog/p/repost-why-immigration-doesnt-reduce?utm_source=substack&utm_medium=email&utm_content=share https://www.noahpinion.blog/p/repost-why-immigration-doesnt-...
    - okaram 3y ago
      They are the same thing ... wages are lower than they would be without migration. Whether you count them as low or high, they are lower
    - psychlops 3y ago
      I don't get it, what's the bomb?
      - lathiat 3y ago
        Population decline. Which in itself may not be a problem but has all sorts of interesting economical consequences. You get an aging population requiring care, with less people to both physically and financially/economically fund them. You also move from always having to build new houses and infrastructure to suddenly having excess housing and infrastructure that isn't needed. Not only does that eliminate a whole bunch of jobs and related economic activity but also drives prices down, etc. I am sure this is an absolutely terrible summary but you can google population bomb, population decline, etc, for much more informed takes. But basically for the last 100 years the entire world and economy has run on an ever-inflating path and that could change at both a country and world level.
      - 2143 3y ago
        After a period of decline, it'll eventually fall off a cliff and weird economic after effects happen. Try reading https://longnow.org/ideas/the-heresy-of-decline/ https://longnow.org/ideas/the-heresy-of-decline/
        psychlops 3y ago
        Fascinating website, thanks for the link.
    - ralph84 3y ago
      So in response to people being unable to afford kids, we depress wages to make it even harder to afford kids. Got it.
- automatistauto 3y ago
  A lot of work can be done by no-code and low-code tools so there is less need for software engineers in general. Linus at some point predicted that most of the web developer jobs would be going away because AI can do a lot of it. I think this trend will continue and the AI tools will continue moving down the stack until LLMs can be applied in basically every coding context with very little software engineering training. People were saying AI tools will create more jobs but it's pretty clear that this time is different and what used to require 2 engineers can now be accomplished by 1 engineer + AI copilots in the relevant domains. I think this trend will continue and the expected outcome is going to be lower demand and lower salaries for software engineers in basically all domains except maybe for very low level work like firmware, kernel drivers, and compilers.
  - smeej 3y ago
    I'm trying to fight the schadenfreude, but after years as an operations person in tech companies, being told "just learn to code!" in the most condescending way possible, by people who couldn't fathom that I was actually contentedly living on a third of their annual salary, there's something about this that feels like karma. The computers can learn to do your job too, as it turns out, which kinda makes a funny sort of sense if you think about it. After all, what should computers be more familiar with than computer code?
    - unforeseen9991 3y ago
      The true end game always has been being an overseer of the technology. Sysadmins and sysops are one area that will never go away as there will always be another system to manage. It doesn't matter if that system is human, computer, or both.
      - m0llusk 3y ago
        One of my friends works as an admin. His group is shrinking fast as people retire and are not replaced. They are forced to automate everything they can as quickly as they can just to keep things going. Seems like pressure to reduce overhead is combining with sophisticate tools to put a squeeze on admins.
colordrops 3y ago
Also in mice
- waveBidder 3y ago
  there has been an uptick of Australian job market news on hn recently

dcow 3y ago

(meta) I’m getting tired of seeing paywalled content on HN. I wonder if we could tag links as such and have an option to hide paywalled links. Or just outright ban them.

deleted 3y ago
[deleted]
arkadiyt 3y ago
Just disable javascript and you can bypass 90% of paywalls, including this one
- kalleboo 3y ago
  Safari Reader mode is also an easy way to bypass them (right-click on the address bar, site settings, use reader mode when available, refresh page) that also worked on this site
grecy 3y ago
Maybe HN could automatically link to the Internet Archive version of the story once someone posts it as a comment like often happens...
- pcthrowaway 3y ago
  archive.today (archive.ph and archive.is) is not The Internet Archive. It's a separate archival service which seems to be optimized to bypass paywalls (though there's very little information about the motivations for running it, where the funding is coming from, the country of origin, or techniques they're using to bypass said paywalls). I believe it's discouraged (maybe even against HN policies) to make a submission with such a link, because it makes it impossible to tell what the original source of the article is without clicking it.
  - resolutebat 3y ago
    This was discussed recently: https://news.ycombinator.com/item?id=37009598 https://news.ycombinator.com/item?id=37009598

slavetologic 3y ago

Most tech talent isn't worth anything. A few are worth an insane amount. Companies can't tell which are which until they're in the door. The laid off workers are in the mediocre and lower bucket. This is a viewpoint I've been told by HR at multiple top quant funds

kstrauser 3y ago
LOL, just no. SOP for poorly run companies is to lay off the most expensive employees, regardless of how much value they bring to the table. That principal engineer making $250K? “Why are we paying him twice as much as 2 juniors?” I’ve seen that happen way more often than companies laying off actual lower-value employees.
- slavetologic 3y ago
  250k is entry level for the type of firm I'm talking about
  - kstrauser 3y ago
    Yes, I’m familiar with fintech. Also, with its tendency to see staff as fungible when optimizing for costs. After all, all those eng types are the same, right?
    - useEffect 3y ago
      They’re not talking about fintech.. Quant shops write algorithms to trade the stock market and the salaries are more akin to Wall St. Very different than a company like Robinhood
      - unforeseen9991 3y ago
        Quant jobs shouldn't even be considered tech jobs. They are more like mathematicians, with a side of wizard. Useless in any discussion about the tech industry as they are an extreme outlier

vhiremath4 3y ago

https://archive.ph/lTQp2 https://archive.ph/lTQp2

datavirtue 3y ago

Our hourly rate keeps going up. Note: in Ohio

deleted 3y ago
[deleted]
jononomo 3y ago
What is your hourly rate? I currently bill at $58/hour.
- itake 3y ago
  Not OP, but for GA clients, I bill at $130/hr.
  - unforeseen9991 3y ago
    $120-175/hr CAD for me, specializing in on prem infrastructure and DBA, clients coast to coast but mostly Ontario. The rate is more determined if I am going through a middleman (usually a MSP) vs direct rather then supply and demand. This hasn't changed through inflation though. Those rates are the same rates for the last 10 years or so.
    - sohnakukkar 3y ago
      Which middle man do you use? What is their cut?
  - sohnakukkar 3y ago
    What is "GA clients"?
    - thebigspacefuck 3y ago
      Georgia?
- teaearlgraycold 3y ago

monkeycantype 3y ago

The headline is part of the story. The other part of the story is "cooled as migration returned and a visa backlog cleared". If you spend time talking to tech workers on visas in Australia, you'll find a common story, most will be working for a large contracting company, on a contract signed in their home country. Regardless of how Australian law should apply, this leaves many workers feeling vulnerable in their negotiations with their employers. this is absolutely used as a lever to drive down tech wages in Australia, and it takes very nuanced communication skills to point out how damaging it is to our society to bring people into work but denying them access to full democratic rights and standing to negotiate their working conditions.

ProAm 3y ago

Job hopping doesn't work out long term

mvncleaninst 3y ago
What does this have to do with job hopping?
- ProAm 3y ago
  A lot of these companies over hired the past 3 years in a mini arms/labor race. People were hopping jobs and getting 25%+ increases in comp. No one could hire fast enough or enough people. But now that the economy is cooling, there isnt any free money, and some of the labor hired isn't doing work to the level they are being paid at, companies are looking for ways to trim fat. This is an easy way to do it. Everyone that moved, or that the company feels is being lazy, or not contributing to the level they want will be the first to go. Im not arguing the validity of their thoughts and if remote work is good or bad, or etc.... It's just an easy way to save a lot of money, and keep better tabs on your workforce.
  - mvncleaninst 3y ago
    You're making two assumptions that stick out to me: - job hoppers perform worse (as opposed to better) than people who stay put - layoffs are based on contribution level Two things that if believed in aggregate will make it easier for companies to short and manipulate employees into overworking and staying. I don't buy it personally
    - ProAm 3y ago
      Not all job hoppers, Im saying we just went through a period of time where companies were hiring as fast as they could and the salaries were high because of the arms race, our of proportion to what they normally were for the given experience level. Many of the job hoppers were not at the skill level they should have been, but what does it matter a person stays around for a year or less to take another 25% increase and move down the road. Not all layoffs are based on contribution level, but once a company realized they have over hired, and are paying more than they should it is very easy to start chopping heads. And an easy legal way to do it is to force an in-office schedule. I dont think they care if they over work or not, I think they want the comp expenditure back, and want to be able to keep their thumb more closely on 'productivity'

Clent 3y ago

All those layoffs were so they wouldn't have to do 20-40% pay increases. Should have unionized while we had the chance. At least a trade guild to protect ourselves. Oh well. It was fun while it lasted.

wwtdtgotiatl 3y ago
IT workers have a union in Australia. https://www.professionalsaustralia.org.au/ https://www.professionalsaustralia.org.au/

mvncleaninst 3y ago

Honestly I don't feel super bothered by this, not because I'm content with settling for sub-par comp, but because (in California at least) the housing market and average comp are correlated At the end of the day, if the housing market is going to soak up the additional surplus value, why should I care?

waveBidder 3y ago
land value tax would solve this
nightowl_games 3y ago
I agree. I'm from way outside California where the salaries are far lower. I've always thought the over inflated salaries of the valley were kinda toxic. Friends who I graduated with who were C students were making double what I make. One time I asked a web dev friend of mine what he thought of Kubernetes and he didn't even know what it was. This was just a couple years ago. I was shocked at little he knew and how much he got paid. He also had saved very little money, as it was all going to taking Uber to and from work and eating out every meal. Just seemed like a broken culture. Meanwhile I ride a bike to and from work and spend a ton of time cooking and cleaning, ya know, normal stuff. His life was exciting but there just seems to be a void in there when your making so much money and spending it all on having people serve you. Like in your mind, you must think you deserve it. But in my mind, you don't. I know it's controversial and all, but that's my honest belief. Silicon Valley is amazing and there are truly great people there. But does a C student web dev who kinda doesn't give a shit really deserve 150$k/year? I assure you, he does not. Not while there are far more qualified people all over the globe who will do that job for half. Sure, remote work is hard, and having the team located locally is valuable, but the wealth is simply too centralized in this one location. It's causing a morphed self image to the people there. An over inflated ego. A condescension to outsiders. A constant need to justify their position. The culture needs a humbling. The wealth needs to spread.
- afavour 3y ago
  I don’t think a web dev being unaware of Kubernetes is that rare, especially if we’re talking about a front end dev. Particularly in large companies jobs are very tightly segmented, the dev might just be given the URL for the backend API and not be expected to know much more about it than that.

Sytten 3y ago

You can tell the bias of the article by reading the first sentence. It's funny when you read complaints of big employers of other countries, they are usually the same as your own but the numbers are different. I guess that's why I don't for canadian companies even as a contractor, can't make too good of a salary as a dev that would "crazy", "indecent".

quickthrower2 3y ago

https://archive.vn/lTQp2 https://archive.vn/lTQp2

quickthrower2 3y ago

> He said salary and contractor rates have fallen by an average of 10 per cent to 15 per cent compared to 12 months ago. “The high salaries that occurred in the post-pandemic boom of tech for permanent and contract employees were not sustainable and employers are now looking to reduce costs,” Mr Munson said. Lol, so it went up 10-15%, almost matching 2 years inflation, and then it dropped. And that was unsustainable?

frays 3y ago

This article is about Australia. Is it better or worse in the US?

karaterobot 3y ago

https://archive.is/lTQp2 https://archive.is/lTQp2