My friends in the last 4 years got 2x/3x salary increments without COVIDs help.
Tech inflation has been happening for a while now for the small minority.
I think COVID just caused more people to tap into it because of some of the reasons you listed. So inflation isn’t COVID caused, but the excess market movement is.
Can you clarify what "2x/3x salary increments" means? Are you saying people are tripling their salary? Or do you mean, like, 3x a normal (~3%) raise, or whatever?
That trajectory seems believable over several years, but I thought people were talking over the last several months. (Also, I'd say even that trajectory is somewhat unusual, without something significant changing like a getting a degree or location change from a third tier city to SV, or something.)
Tech inflation has been happening for a while now for the small minority.
I think COVID just caused more people to tap into it because of some of the reasons you listed. So inflation isn’t COVID caused, but the excess market movement is.