Most companies don't give raises other than 3% or so. Pretty much the only way to stay ahead of cost of living is changing jobs.Getting competent experienced employees is hard. Keeping them, is even harder.
Most large companies are making record profits but most people are making "less" due to raising prices. Profits aren't trickling down to employees, executive level employees are buying vacation homes.
The wage gap is now as large as almost anytime in history. That doesn't lend itself to employees spending decades working for one company.
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