This is my conjecture but my guess is that it's very heterogeneous. Salaries are high basically only if you have switched jobs recently. My guess is that peopl

This is my conjecture but my guess is that it's very heterogeneous. Salaries are high basically only if you have switched jobs recently. My guess is that people who have stayed at their jobs through the massive inflationary period of the last 3-4 years are over-represented in this group. Broadly speaking, I am not sure we want to be encouraging this. Having people stay in their jobs for longer gives them time to get good at what they're good at and makes companies more effective. Forcing people to move jobs (by implementing policies that create tons of inflation) causes a lot of inefficiency, because people are forced to move on to keep pace and lose 1-6 months of productivity when they adapt to a new position. The other aspect is housing, of course. We simply don't have enough housing units which makes everything more expensive and tips the scale to those who own already.