3% to 5% more expensive every year - that is similar to or less than inflation. Given their dominance, i'm genuinely curious why they don't raise it by 20% a year. Or 50%?
My sense is that there are plenty of junior level opportunities still out there, although fewer than before.
But senior level positions which pay a decent salary (which i define as £200k+/year in London) are especially hard to find and get nowadays, compared to years prior.