The Wall Street JournalThe Wall Street Journal

Job Switchers Are Earning a Lot More Than Those Who Stay

By Julia Carpenter

25 Jul 2022 · 3 min read

Do you ever consider changing your job? The piece from The Wall Street Journal explains why it can be good for your bank balance.

Curated by informed

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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