> Given the fight we’ve seen over WFH, I’m very inclined to believe that this is intentional by the industry
Doesn't this require a level of coordination between hirers that almost certainly doesn't exist?
I see these takes all the time about how "the industry" cabal coordinates to screw over workers. Never have I seen any meeting notes or interviews from former CEOs on how this coordination might happen, just disgruntled employees feeling they deserve more.
Personally I don’t believe theirs a conspiracy regarding this but just to play devils advocate.
Clearly, the heads of HR and other people who define corporate compensation talk to one another, “hey what are you guys doing to manage pay cuts, reductions in staff, etc in this economy at company x/y/z”.
It’s a pretty obvious benefit of having a strong professional network. I.e you have people you can ask for mentorship and advise. Every startup board was asking companies to belt tighten and reduce costs because of the economy earlier this year and last year.
A relatively small number of companies and startups in tech define top of market for compensation. Clearly the people at those companies know one another and talk about what they are doing.
Doesn't this require a level of coordination between hirers that almost certainly doesn't exist?
I see these takes all the time about how "the industry" cabal coordinates to screw over workers. Never have I seen any meeting notes or interviews from former CEOs on how this coordination might happen, just disgruntled employees feeling they deserve more.