Majority of U.S. Workers Changing Jobs Are Seeing Real Wage Gains

The Great Resignation of 2021 has continued into 2022, with quit rates reaching levels last seen in the 1970s. Although not all workers who leave a job are working in another job the next month, the majority of those switching employers are seeing it pay off in higher earnings, according to a new Pew Research Center analysis of U.S. government data.

From April 2021 to March 2022, a period in which quit rates reached post-pandemic highs, the majority of workers switching jobs (60%) saw an increase in their real earnings over the same month the previous year. This happened despite a surge in the rate of inflation that has eroded real earnings for many others. Among workers who remained with the same employer, fewer than half (47%) experienced an increase in real earnings…

Workers are split over how easy or difficult it would be for them to get the kind of job they’d want if they were to look for a new job today. About four-in-ten (39%) say it would be very or somewhat easy, while a similar share (37%) say it would be very or somewhat difficult…

Upper-income workers are significantly more likely than middle- and lower-income workers to say they’d have an easy time finding a job if they were looking today. Fully half of upper-income workers say it would be easy for them to find the kind of job they wanted, compared with 38% of middle-income workers and 34% of those with lower incomes.

I’d be curious to see the linkage between the economics of context, over time. Though I rarely had problems switching jobs, most of my life has been spent within the easy commuting space of cities with a solid growing economy. Even in hard times.

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