Job-Hoppers Get Big Pay Raises | Dallas News

Lower-paid hourly workers are cashing in big time by switching jobs—seeing average pay jumps of 12.5% in July, the largest in over three years, according to Bank of America. While not matching pandemic-era gains, this trend signals growing wage boosts for lower earners, helping narrow the income gap. Even with a stagnant minimum wage and rising inflation, after-tax wages for low-income households rose 4.7% year-over-year, outpacing higher earners’ 3.5%. Meanwhile, white-collar workers in tech and finance are staying put due to AI-driven automation fears and tighter job markets. But for skilled laborers in high-demand fields like construction for AI data centers, mobility equals leverage—and higher pay. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fc1b82828e3639a9