Job Switchers Are Earning a Lot More Than Those Who Stay - WSJ

2022-07-31 04:13:06 By : Ms. Rachel Li

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https://www.wsj.com/articles/inflation-switch-jobs-more-money-fed-atlanta-data-11658699425

It often pays to switch jobs, and now is one of the best times to do it.

The pay difference between those who stay and those who changed jobs is growing, according to the Federal Reserve Bank of Atlanta. Job stayers, or people who stayed in their job for the past three months, increased their wages by about 4.7% as of June 2022. Meanwhile, those who switched jobs received a raise of 6.4%. The gap is the largest in two decades. 

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.