Employers aren't paying people as much to jump jobs anymore

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Added 11 months ago by VideoK

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New research from Bank of America shows before the pandemic, people commonly saw around a 10% pay increase when changing employers. At the peak of the "Great Resignation," when millions of workers quit their jobs, those increases rose to 20%. But as of April 2023, pay increases leveled off to about 13%. CBS MoneyWatch associate managing editor Irina Ivanova has more.

#news #economy #jobmarket

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