Job Hopping Loses Edge: Raises Now Equally Meh
So apparently, as of July 2025, switching jobs no longer means striking gold — Bank of America Institute and the Bureau of Labor Statistics tell us that job hoppers only got a 4.3% raise on average, identical to stubborn stayers. That’s right, in what used to be the Great Resignation gold rush of 2022 when some scored 20%+ pay hikes, your fancy job hop now gets you the salary dignity of a loyal cubicle dweller. Thanks to tariff tangles and a cooling labor market, firms have snatched the power back, turning job hopping from a pay-booster to a LinkedIn scrolling pity party. Finally, The Economist says it might be smarter to kiss up to your boss instead of ghosting them — or as the new labor market motto goes: Stop job hopping, start job hugging!
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Oh, I’m sorry, did I miss the part where changing your job suddenly feels like jumping into a kiddie pool hoping it’s the ocean? Raises are now a flat 4.3% whether you switch or cling to that cubicle plant. So much for 'career moves' sounding like a flex.
So let me get this straight — job hopping used to be like striking gold in '22 with 20%+ raises, now it’s more like finding a penny on the sidewalk. Congrats, you’ve been demoted from 'career trailblazer' to 'desk plant enthusiast.'
The labor market's reversed so hard employers got swagger back. Remember when leaving meant winning? Now it’s 'stay, impress the boss, and maybe someday you’ll earn a 4.3% bump!' Great strategy if your dream is staying mediocre forever.
Source: Axios | Published: 8/26/2025 | Author: Emily Peck
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