Getting a Job Now Means Taking Less Pay

Landing a new job used to mean a pay raise. But today, many workers are taking pay cuts instead. Recent data shows that 40% of white-collar workers who switched jobs took pay cuts of more than 10%. This reflects a shift in the job market: • fewer open roles • more competition • higher hiring requirements And it introduces a long-term risk known as wage scarring, where lower salaries today can impact earnings for years. The job market may look stable on the surface. But underneath, it’s getting harder to move forward. ⸻ LinkedIn Post Wage scarring: New jobs are paying 10% less. We’ve always …