Staying in Your Job Boosts Wage Growth More Than Switching
Recently, wage growth for workers who stay in their jobs has surpassed that of those switching roles, marking a rare shift since 2009. This trend benefits long-term employees in white-collar sectors, as companies become more hesitant to hire and pay higher wages for new employees. While job switchers face a tougher job market and often accept lower pay, stayers are experiencing increased wages and job security, making the 'Big Stay' a notable trend in the current economic climate.