3) is true. It took some time for some companies to catch up with their hiring processes, so it was harder to change jobs for a while.
4) is true. Now companies have to compete a lot more for our labor.
5) is true. It also leads to a corollary: our workload has gone up since our services are in greater demand.
There's also the point that inflation is on the rise, despite what the fed says. We can see that housing prices are up 50% since the start of the pandemic in many areas. We can see that everything we buy has gone up by 20%. You have to pay a 75% surcharge to get a new graphics card. The inflation in these major sectors makes it feel like our salaries and yearly increases are smaller. Additionally, as the market has gotten more competitive (for labor), industry wages have gone up.
4) is true. Now companies have to compete a lot more for our labor.
5) is true. It also leads to a corollary: our workload has gone up since our services are in greater demand.
There's also the point that inflation is on the rise, despite what the fed says. We can see that housing prices are up 50% since the start of the pandemic in many areas. We can see that everything we buy has gone up by 20%. You have to pay a 75% surcharge to get a new graphics card. The inflation in these major sectors makes it feel like our salaries and yearly increases are smaller. Additionally, as the market has gotten more competitive (for labor), industry wages have gone up.