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Reply to "Old (2019) NYT article—“In the salary race, Engineering majors sprint, but English majors endure”"
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[quote=Anonymous]Pay compression is real. That high paying entry job looks less appealing if you’re only making 10% more 5 years later. Per a compensation consulting firm: “The survey found salary compression to be most common in IT and engineering/science jobs, where technology and in-demand skill sets change rapidly. More than 60 percent of companies indicated compression occurs because those positions that require “hot skills” force the company to raise starting salaries to attract the right talent.”[/quote]
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