In This Economy, Quitters Are Winning (wsj.com)

An anonymous reader shares a report: Workers are choosing to leave their jobs at the fastest rate since the internet boom 17 years ago and getting rewarded for it with bigger paychecks and/or more satisfying work. Labor Department data show that 3.4 million Americans quit their jobs in April, near a 2001 peak and twice the 1.7 million who were laid off from jobs in April. Job-hopping is happening across industries including retail, food service and construction, a sign of broad-based labor-market dynamism. Workers have been made more confident by a strong economy and historically low unemployment, at 3.8% in May, the lowest since 2000. Ms. Enoch started getting interview opportunities the same day she began sending out applications online. The trend could stoke broader wage growth and improve worker productivity, which have been sluggish in the past decade. Workers tend to get their biggest wage increases when they move from one job to another. Job-switchers saw roughly 30% larger annual pay increases in May than those who stayed put over the past 12 months, according to the Federal Reserve Bank of Atlanta.

Comments

Another garbage piece from WSJ

[AnthonywC]

Seriously 'Quitter'? These are just people changing jobs; never mind the ones that were laid off or fired. I guess it's too much in the eyes of WSJ to let the peons change their allegiance. I guess they'd prefer the slave workers to keep working until the same place until they die; without raise. Since this is 4th of July, I give a big FU to WSJ and hooray for some independence and dignity for the average worker.

Re:Not really news...

[Kjella]

Maybe you got lucky, but paying you very well is not the Scandinavian model. They pay everyone moderately well, try to make it a nice place to work and give you a good work-life balance and hope you don't throw it all away chasing a few more dollars. If you really want to maximize your salary you probably need to do some job hopping here too but it doesn't have nearly the same benefit, like the CEO is often paid 2-5x that of a regular employee and everyone else is somewhere in between.