I pay IT consultants for their services and always thought their rates are too high for what they do. The worst are the IT service companies.
Agree about rates plummeting since ’07 but I am not complaining.
I know it is not a politically correct thing to say these days, but I wish the government does nothing about it. Actually, I am betting on MSFT, GOOG, QCOM and AAPL lobbying to make sure government does nothing about it.

[quote=kev374]I haven’t got a raise since 2007, I work in IT as a Sr. Software Consultant.

Actually the contracts rates have plummeted around 10% since ’07 but somehow I have managed to hold on to what I was making BUT that means in REAL terms my pay has actually fallen 10-20% in the last 4 years.

THANK off shoring and L1 visa abuse for that. The problem is getting worse with IT wages falling and the HUGE influx of cheap L1 labor, the government does nothing about this.

The lucky ones are the full time employees of companies that have managed to avoid layoffs, they have gotten cost of living raises over the years and it’s become so out of wack that at the company I work the total compensation package of full timers now exceeds what consultants make![/quote]