Half of Americans Who Switched Jobs Got a Pay Raise Higher Than Inflation

The tight US labor market during the last couple of years benefited the bold.

Almost half of the workers who changed jobs were rewarded with a pay raise that exceeded the rate of inflation, meaning that their real hourly wage was going up, according to a blog post by the Federal Reserve Bank of Atlanta. The figure was 49% for job-switchers in 2022, while only 42% of people who stayed in their job managed to stay ahead of inflation.