Salaries surge for white collar workers (wsj.com)

5 to 10 percent raise will mean that you only lost a little income to inflation. Yay.

Of course those at the bottom who aren't getting these raises will be even further down.

These kinds of meetings and "consensus" are collusion and should be prosecuted. Just like Apple colluding with Google in the past to suppress engineers' wages. The article tried to portray it as resulting in this company upping its raises to 10%, but how many came away concluding that 10% was a ceiling?

"She settled on 10% after her finance chief attended a gathering with peer companies. When the subject of compensation came up, a consensus quickly emerged among attendees that 10% raises were needed to keep up with both inflation and the demands of highly sought after tech talent."