Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by bryanlarsen on Thursday October 26, 2023 @12:11PM
(#38027651)
Did you switch jobs? A voluntary job switch is an average ~20% bump in salary. Job switchers and union members are getting the vast majority of the gains. A low unemployment rate makes switching easy, and low end workers were switching at a much higher rate then normal.
But job switchers (rightly) give themselves the credit for their salary boost. OTOH the government gets the blame for inflation and job loss. It's a crap job, you get blamed for the bad stuff, but don't get credit for the good stuff.
But job switchers (rightly) give themselves the credit for their salary boost. OTOH the government gets the blame for inflation and job loss. It's a crap job, you get blamed for the bad stuff, but don't get credit for the good stuff.