https://www.nytimes.com/2022/01/04/business/economy/job-open…
**More quit jobs than ever, but most turnover is in low-wage work.**
**By Ben Casselman, The New York Times, Jan. 4, 2022**
**The number of Americans quitting their jobs is the highest on record, as workers take advantage of strong employer demand to pursue better opportunities.**
**More than 4.5 million people voluntarily left their jobs in November, the Labor Department said Tuesday. ... Data from the Federal Reserve Bank of Atlanta shows that job-switchers are getting significantly faster pay increases than people who stay in their jobs....**
**The Consumer Price Index rose 6.8 percent in November, a nearly four-decade high; average hourly earnings rose 4.8 percent in November, and other measures likewise show pay gains lagging price increases. Yet some workers are seeing much faster wage growth. Hourly earnings for leisure and hospitality workers were up 12.3 percent in November, much faster than inflation. Workers in other low-wage service sectors are also seeing strong gains....** [end quote]
Workers with the flexibility to switch jobs can do well. Others are falling behind inflation.
Wendy