Wage Gains for US Job Switchers Hit Record High Over Stayers

Job hoppers have long scored bigger raises than those who stay, but the gap is getting even wider.

People who switched saw their wages jump by a record 6.7% on average in the 12 months through July, nearly two percentage points higher than those who remained in their same roles, according to calculations by the Federal Reserve Bank of Atlanta. That’s the widest gap in records back to late 1997.

Job stayers -- defined as someone who’s stayed in the same industry in the last year, or hasn’t changed employers or job duties in the past three months ...