Lower-paid workers who change jobs seeing biggest pay raises in more than 3 years, report finds
Summary
Workers in lower-paying jobs who switch to new jobs are getting the biggest pay increases seen in over three years. This shows that changing jobs can help some workers earn more money faster.Key Facts
- Lower-paid workers who change jobs are seeing faster wage growth than before.
- Their pay raises are the largest in more than three years.
- The trend suggests that job switching is helping these workers increase their earnings.
- The information comes from a report covered by CBS News MoneyWatch.
- The report highlights a recent change in the U.S. labor market for lower-wage workers.
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