How to get an increase and earn more money when leaving your job

Tightening the labor market has put a strain on fast food managers, trucking executives and other managers. According to an article published July 4 in the Wall Street Journal

6.7 million jobs were created, compared with 2.4 million in July 2009, more and more workers. able to change jobs that offers them better wages.

From January to May 2018, Americans who changed jobs enjoyed annual wage increases 48% higher than those who did not change jobs, according to the Federal Reserve Bank d & # 39; Atlanta. In 2018, people who changed jobs reported median wage increases of 4%, compared to a median increase of 2% for those who stay at work.

At a difference of 1.3 percentage points, this is the largest gap between switchers and long-termers since 2000, a Business Insider badysis of Fed data found.

Even though a 4% increase may not seem significant, a small salary increase over time can accumulate, as Lauren Lyons Cole of Business Insider reported the year. last.

Those in their twenties and thirties should be particularly interested in obtaining income. The salary of a typical worker increases steadily until the mid-thirties and then until retirement, as Andy Kiersz of Business Insider discovered.

And the renunciators also become more common. In May, more than one in seven unemployed Americans were voluntarily unemployed, the Journal reported. That's the highest share of voluntary unemployment, or those leaving one position to look for another, America has seen for over 17 years, wrote reporters David Harrison and Eric Morath.

This is yet another sign of a good economy, said Steven Davis, an economist at the University of Chicago, in the Journal. Disappointed after the Great Recession, many Americans remained inclined to remain in office, but these data show a renewed interest in risk taking.

"A husband and a wife can easily quit their jobs and both find good opportunities in the jobs they want, where they want to live," Davis told the Journal.