Elizabeth Renter
👤 PersonAppearances Over Time
Podcast Appearances
So I found this part really interesting. About half of employed Americans said their pay increases have kept up with inflation over the past five years. I assumed it would be less, despite knowing that pay on average has kept pace with inflation by many measures. And younger people were surprisingly more likely to say their pay has kept up.
So I found this part really interesting. About half of employed Americans said their pay increases have kept up with inflation over the past five years. I assumed it would be less, despite knowing that pay on average has kept pace with inflation by many measures. And younger people were surprisingly more likely to say their pay has kept up.
One possible explanation for this is that younger workers are earlier in their careers and therefore more likely to experience faster wage growth. Also, they're more likely to be employed in industries that saw particularly high wage growth over the past five years, industries such as leisure and hospitality, for example.
One possible explanation for this is that younger workers are earlier in their careers and therefore more likely to experience faster wage growth. Also, they're more likely to be employed in industries that saw particularly high wage growth over the past five years, industries such as leisure and hospitality, for example.
One possible explanation for this is that younger workers are earlier in their careers and therefore more likely to experience faster wage growth. Also, they're more likely to be employed in industries that saw particularly high wage growth over the past five years, industries such as leisure and hospitality, for example.
How has that changed over time? Well, we found that 47% of Americans have interacted with the job market, either actively seeking a new job or passively exploring opportunities within the past 12 months. And this rate is highest among Gen Z, the youngest generation that we surveyed, which makes sense as they're more likely to be just entering the professional world.
How has that changed over time? Well, we found that 47% of Americans have interacted with the job market, either actively seeking a new job or passively exploring opportunities within the past 12 months. And this rate is highest among Gen Z, the youngest generation that we surveyed, which makes sense as they're more likely to be just entering the professional world.
How has that changed over time? Well, we found that 47% of Americans have interacted with the job market, either actively seeking a new job or passively exploring opportunities within the past 12 months. And this rate is highest among Gen Z, the youngest generation that we surveyed, which makes sense as they're more likely to be just entering the professional world.
And this means the younger workers are more likely to be having firsthand experiences with the job market. While older people might be informed about the labor market, younger folks are going to have more boots on the ground information shaping their perspectives.
And this means the younger workers are more likely to be having firsthand experiences with the job market. While older people might be informed about the labor market, younger folks are going to have more boots on the ground information shaping their perspectives.
And this means the younger workers are more likely to be having firsthand experiences with the job market. While older people might be informed about the labor market, younger folks are going to have more boots on the ground information shaping their perspectives.
About one third of Americans have actively sought a job in the past 12 months. And by and large, most were looking because they were just ready for a new opportunity. A smaller share were looking because they were actually unemployed. And this is interesting because we hear a lot about how young people have been having a particularly difficult time in the current job market.
About one third of Americans have actively sought a job in the past 12 months. And by and large, most were looking because they were just ready for a new opportunity. A smaller share were looking because they were actually unemployed. And this is interesting because we hear a lot about how young people have been having a particularly difficult time in the current job market.
About one third of Americans have actively sought a job in the past 12 months. And by and large, most were looking because they were just ready for a new opportunity. A smaller share were looking because they were actually unemployed. And this is interesting because we hear a lot about how young people have been having a particularly difficult time in the current job market.
And it could be because of their new entrance. What I mean is if I look for a job, personally, if I look for a job, there's a good chance I'm doing so while employed, right? And even if I lose my job, my resume still lists plenty of experience at this age.
And it could be because of their new entrance. What I mean is if I look for a job, personally, if I look for a job, there's a good chance I'm doing so while employed, right? And even if I lose my job, my resume still lists plenty of experience at this age.
And it could be because of their new entrance. What I mean is if I look for a job, personally, if I look for a job, there's a good chance I'm doing so while employed, right? And even if I lose my job, my resume still lists plenty of experience at this age.
Whereas younger folks are more likely to be new to the job market, so they have less experience and they're not beginning from a place of job or financial security. So when we see low hiring rates, as we do now, this is going to impact new entrants to the labor force more dramatically.
Whereas younger folks are more likely to be new to the job market, so they have less experience and they're not beginning from a place of job or financial security. So when we see low hiring rates, as we do now, this is going to impact new entrants to the labor force more dramatically.
Whereas younger folks are more likely to be new to the job market, so they have less experience and they're not beginning from a place of job or financial security. So when we see low hiring rates, as we do now, this is going to impact new entrants to the labor force more dramatically.