logo.png

Workers Are Changing Jobs, Raking In Big Raises---and Keeping Inflation High

Tips

Job-switchers are often reaping double-digit pay increases, a new survey shows, a phenomenon that is demonstrating bargaining power for workers while threatening to keep inflation high.

About 64% of job-switchers said their current job provides more pay than their previous job. Among these workers, nearly half received a raise of 11% or more, according to a ZipRecruiter survey provided exclusively to The Wall Street Journal. Nearly 9% are now making at least 50% more.

Elevated rates of job switching could continue: Among prime-age workers aged 25 to 54, around 20% anticipate leaving within a year, while another 26% said they see staying one to two years, the survey said. Historically, the average job lasts four years, said Julia Pollak, chief economist at ZipRecruiter.

.....

 


The views and opinions expressed in the article are solely the views of their authors, and do not necessarily reflect the opinions and beliefs of DiversityWork.com.


Continue Reading

  • Share This Post

Close menu