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Job-Hopping Young Workers Getting Huge Wage Gains, Says Business Center

By Tenpoundbass follow Tenpoundbass   2019 Sep 2, 3:00pm 352 views   5 comments   watch   nsfw   quote   share

Young Americans got an eye-popping 7.6 pay increase from late 2017 to late 2018, according to a survey of 2,000 Americans by the D.C.-based Conference Board, a business-run economic research center.
The good news was touted by the White House, with a headline reading, “Younger Workers Report Biggest Gains in Happiness With Pay,” and a Labor Day tweet from President Donald Trump.
1   Tenpoundbass   ignore (15)   2019 Sep 2, 3:01pm     ↓ dislike (0)   quote   flag      

Everyone I know that left the company I have worked at for the last 4 1/2 years, have gone on to make more money at their new company.
2   BayArea   ignore (1)   2019 Sep 2, 3:21pm     ↓ dislike (0)   quote   flag      

Yup, my biggest raises have been from company changes. By far.

Over my 15yr career, the biggest annual raise I’ve received from an existing employer has been 11%. The smallest I’ve received from changing companies was 30% (as high as 40%).
3   marcus   ignore (13)   2019 Sep 2, 4:04pm     ↓ dislike (0)   quote   flag      

This phenomenon did not exist before 2017.
4   APOCALYPSEFUCKisShostakovitch   ignore (53)   2019 Sep 2, 9:17pm     ↓ dislike (0)   quote   flag      

Wages didn't exist before Trump invented jobs!
5   SunnyvaleCA   ignore (1)   2019 Sep 3, 12:04am     ↓ dislike (0)   quote   flag      

marcus says
This phenomenon did not exist before 2017.

Surely you jest! Everyone knows that the quickest way to rise in the ranks (for those with useful skills or at least skills at BSing and lying) is to trade up jobs ever few years. That has been conventional wisdom for at least the last 50 years. Silicon Valley became the epicenter of high-tech—taking the crown from Boston / NYC corridor—practically by people leaving their jobs and taking their knowledge with them to join startups. California didn't enforce non-compete employment clauses like back east.

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