Most people who switched employers between April 2021 and March 2022 saw an increase in their real earnings — despite surging inflation, according to a Pew Research Center report.
22% of U.S. adults say they are "very" or "somewhat" likely to look for a new job in the next six months, Pew found in a poll of 6,174 people conducted from June 27 to July 4."Despite reports of hiring and so on, there seems to be more worry," Rakesh Kochhar, a Pew senior researcher, tells Axios.60% of people saw an increase in real earnings after they switched employers, compared with 47% of those who remained in the same job, Pew found.
The median worker who found a new job enjoyed a 9.7% bump in inflation-adjusted earnings, compared to a -1.7% dip for those who stayed put. The recent trend was quite different from the previous year: From April 2020 to March 2021, 51% of job-switchers saw a real earnings income boost, versus 54% of people who stayed put.
"Put another way, the median worker who changed employers saw real gains in earnings in both periods, while the median worker who stayed in place saw a loss during the April 2021 to March 2022 period," Pew said.conducted in February.that some people reported "happened despite a surge in the rate of inflation that has eroded real earnings for many others," Pew noted.In the first quarter of this year, 4 million workers a month changed jobs, for an overall rate of 2.
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