Don't think there is a consensus. We talk to HR / Compensation analysts at companies every week and the consensus is noone knows what's going on / what to do anymore. Companies are scrambling to figure out how much more to pay people so that they can attract the talent they want. Keep in mind the tech industry is supply side constrained (particularly for mid-senior+ talent). As long as that's the case, wages will always go up. The huge immediate increase is due to several macro factors (covid, remote, great resignation, capital flowing into public markets, etc). As those cool, increases may cool down but still trend up likely.