Can anyone explain how it is that salaries have increased very gradually or flatlined in many industries over the past 10-15 years whilst everything else especially housing costs have risen?
Even with rampant inflation, salaries in my profession (human resources) are not really moving on what they were 10 or so years ago. Eg 10 years ago exactly I got a job paying 35k I see the same kinds of jobs attracting no more than this in 2024. I have even seen more junior roles advertised at 25k, this is for degree educated and part qualified /experienced staff.
The cost of everything else is going up so where is this money going as it's certainly not filtering down to the majority of employees. And surely, eventually something will give as people will have less disposable income making anything that relies on people spending (where they have a choice not to) will struggle to be profitable. That's probably already happening. It just feels like everything goes up except salaries. I'm on more now than I was 10 years ago as I've progressed to the next level, but if that level had kept pace with inflation I'd be on a lot more!