Wage Gains for US Job Hoppers Hit Record High Over Those Who Stay
- Pay for job switchers jumped record 6.7% in year through July
- Gap over those who stayed in their role is widest back to 1997
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Job hoppers have long scored bigger raises than those who stay, but the gap is getting even wider.
People who switched saw their wages jump by a record 6.7% on average in the 12 months through July, nearly two percentage points higher than those who remained in their same roles, according to calculations by the Federal Reserve Bank of Atlanta. That’s the widest gap in records back to late 1997.