This is the only sane way to look at it. If you compare it with historical correlations between compensation and productivity[1], then things look pretty bleak.
Over the last decade, engineer pay certainly hasn't kept up with increases in cost of living expenses, especially in places like SF or NYC.
Over the last decade, engineer pay certainly hasn't kept up with increases in cost of living expenses, especially in places like SF or NYC.
[1] https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs...