Wall Street Journal Says You’ll Make More Money by Switching Jobs Now

Catapult Leaders

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 job switchers – 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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Workers are facing fast-rising prices on gas, groceries, rent and other essentials. Even in a tight labor market, many workers aren’t getting a large enough pay increase at their current job to keep up with inflation, say workers and economists who study the labor market. As a result, some Americans are reconsidering expenses they once considered affordable, while many also are looking for a new job with a bigger paycheck to keep up.”

Read the full article from the Wall Street Journal reporter Julie Carpenter by going here

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