Workers who remain loyal to their employers are witnessing improved wage growth, with recent data showing a 4.3% increase for stayers compared to 4.1% for switchers. This marks a significant reversal from previous trends where job hoppers received greater financial rewards. However, the difference remains modest, illustrating the changing dynamics of the labor market amid economic uncertainties. Meanwhile, Gen Z faces challenges due to the rise of automation in entry-level positions and budget cuts affecting public sector jobs, leaving them feeling overlooked.
After years of job hoppers being rewarded for their mercenary approach to work, employees willing to stick around are starting to come out on top.
The difference between job stayers and job switchers in wage growth is notable, as median wage growth for stayers outpaced switchers for the first time since 2009.
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