The Great Resignation worked: Most job-swappers got a raise, shows data

For those who stayed, less than half saw real wage gains, according to a study by Pew Research Center

the recent market turmoil has created the need for a more boutique approach
Premium

Even as inflation soared, 60 per cent of those who quit between April 2021 and March 2022 realised real wage gains, according to a new report by the Pew Research Center.

Jo Constantz | Bloomberg
For the majority of people who quit their job in search of higher pay elsewhere, the wager paid off.

Even as inflation soared, 60 per cent of those who quit between April 2021 and March 2022 realised real wage gains, according to a new report by the Pew Research Center. Less than half of workers who remained loyal to their employers can say the same. 

The so-called Great Resignation has brought massive upheaval in the labour market, with quit rates at highs possibly not seen since the 1970s. An average of 4 million workers quit each month from January to March this

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 31 2022 | 11:39 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com