If you're an employer and you cant find employees, the answer is virtually always to increase total compensation. Theres no reason $80k is the top end of the pay range for any job. The economy does not price jobs based on prestige, education level, or some other signal... that's a judgement made by certain people about what they think a job is worth.. not the market. The opinions of people about the worth of a job ar…
Depends on the profit margin in a field. Some industries have razor thin margins. Unless your competitors do the same as you do (and in some industries, your competitors are in other countries with different standards of living), you don't have a whole lot of choice. Software/SaaS is able to give ever increasing wages because of near infinite supply of investor money and/or insane profit margins (which won't last). S…
If you can't afford the inputs you need at the price the market is setting, you can't afford to run a profitable business.