I think it's a matter of supply and demand. Five years ago, your colleague's skills may have been highly sought after, with low supply and high demand, leading to higher salaries. But now, the supply of people with those skills is higher, while demand may be lower or stagnant. This gives companies more options, so they can lower salaries and easily replace employees who don't agree.
To stay competitive, we need to constantly improve our skills and perhaps take on more responsibilities to become indispensable to our employers. Additionally, diversifying our income sources can help. The resources are limited, but the number of people entering the job market keeps growing each year. This increases competition and can lead to some people experiencing economic hardship.
To stay competitive, we need to constantly improve our skills and perhaps take on more responsibilities to become indispensable to our employers. Additionally, diversifying our income sources can help. The resources are limited, but the number of people entering the job market keeps growing each year. This increases competition and can lead to some people experiencing economic hardship.
Yes. The jobs market is very tight right now. At least, in the US. My friends were having a hard time finding a new job there. It's almost impossible to get accepted these days because of the worsening economic situation. People are holding onto their jobs, while employers are getting too picky when choosing someone to fill a vacant position.
A completely different picture of what mainstream governments are "painting". They say inflation is going down or is being put under control, but what's happening is all of the contrary. We can blame rising geopolitical tensions for this. If we had peace, things would've been different now. It's going to take a very long time before the economy recovers. With CBDCs on the brink of launch, we should only expect the worse.
