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I haven't looked for a new job for the last ~3y, but before that it was always the difference in pay that resulted in me and a potential employer not shaking hands eventually. Ofc, that is not universal as some companies pay a proper amount, but most of them just don't. So no shit they have difficulties finding people. That explains both sides, as people do not accept offers that are (too) low.

There also a million other reasons why people don't find jobs and companies don't find suitable people, like difference in fundamental values, public image, tech stack, and so forth. But IMHO pay is still the most important thing after all.



On top of that, we've had around 20-25% inflation since pre-Covid times in the US and the EU. And that's just the CPI, which underestimates inflation for most people. So if you made ~80k before Covid and don't make 100k+ today, you salary has effectively decreased.




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