Job-hopping got workers an 18% raise in 2022. Now it’s 8%—and Gen Z is hurt the most

AI SUMMARY

# Investing Summary Job-switching wage premiums have collapsed from 18% in 2022 to 8% in 2024—the lowest level in seven years—reducing labor market dynamism and potentially pressuring corporate wage inflation forecasts that investors have been monitoring. This trend disproportionately impacts Gen Z workers (over 50% express willingness to job-hop), which could affect tech and growth-sector recruiting costs and retention-related expense guidance, though it may also provide modest relief to companies facing elevated labor cost pressures.