David Wicker — Nearly Half of Job Switchers Earn Less in Their New Roles

When workers move from one job to another, economists generally assume it was an optimal choice. However, nearly half of all workers switching employers directly from one job to another experience earnings losses. It would seem that a vast number of workers are making choices that are difficult to justify, at least from an earnings perspective.

FRBSL — On the Economy
Nearly Half of Job Switchers Earn Less in Their New Roles

David Wiczer, Economist