To bring in some anecdotal horseshit, my buddy in tech has nearly doubled his salary over the last three years, but they also fired 20% of their workforce. And he barely works, maybe takes two or three calls a day. This is in comparison to factory jobs in the area maybe rising about 20%, most of which has been eaten by inflation. We can buy electronic toys and tools (things that come from China hint hint) more easily, but you can't eat a Milwaukee.