{ "media_type": "text", "post_content": "Will there be a salary bubble like the housing bubble? Hearing how much people with 2-7 yrs experience are getting offered to move companies is blowing my mind. At some point this is not going to be sustainable and salaries will drop back down to reality. However, I am concerned that all of those folks with inflated salaries will get in situations they can’t support after the correction. Then what happens?", "post_id": "6143910a932e780021d71c55", "reply_count": 8, "vote_count": 1, "bowl_id": "5ae4a4f739e7cb001391ec8b", "bowl_name": "Consulting Exit Opportunities" }

Will there be a salary bubble like the housing bubble? Hearing how much people with 2-7 yrs experience are getting offered to move companies is blowing my mind. At some point this is not going to be sustainable and salaries will drop back down to reality. However, I am concerned that all of those folks with inflated salaries will get in situations they can’t support after the correction. Then what happens?

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I think a lot of us on FB are in fields that pay high salaries (vs the average persons earnings) but the median pay for university graduates/early career professionals isn’t as inflated. When the next big recession/pull back in the economy comes there’ll be a tightening of salaries and probably a lot less options available for younger professionals that pay the mind blowing amounts you’re talking about. But right now the only way is up so make hay while you can.

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Curious about this as well.. have been hearing insane offers in tech

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Isn't a "salary bubble" and its correction just called a normal economic cycle + a recession? This stuff happens, though recessions don't usually erase all the wage gains of the bull market.

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Your diagnosis is totally rational. That being said, people including economists are notoriously bad at predicting bubbles and recessions. You know, pundits and economists have predicted 10 of the past 2 recessions since 2005.

It'll be interesting but I'll take the risk. Just left Pro for an insane offer, doesn't hurt to feel out the market! It is HOT

This is kind of my point. Even you realize it is insane. I certainly don’t fault or question why you would do this at an individual level. My concern is the masses. Kind of like how individuals who bought houses beyond their means, individually it probably made sense but big picture it caused a bug issue.

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