Julia Carpenter
speaker
3,850 appearances
71 recordings
1 series
first heard Oct 2019
last heard Sep 2024
Julia Carpenter’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Raises Offered to Workers to Switch Jobs Are Shrinking · 3 May 2023
podcast
And I think a lot of people are saying this, that pay raise that is there may not be going as far as it once did since inflation is raising costs on everything from gas to groceries.
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Last year, workers who remained at their job got an average 5.6% pay increase, and that was significantly lower than the salary increases we saw for those who switched jobs.
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But then this year, that raise for people who stayed put has bumped up.
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It's now around like 5.9% in terms of pay.
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Definitely a little bit of a better situation than the year before, yeah.
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I talked to some people who said that they got the timing wrong, that if they had been in a place where they could have switched jobs or if the offer had been more attractive for other reasons, they would have been able to take advantage of that premium in salary.
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But others say they value the job stability, that especially now when there's so many fears of a recession, fears of layoffs,
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People value staying put and knowing the familiar things about their current job.
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I talk to a lot of people who are feeling sort of jittery right now.
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They're hearing all this news of layoffs in particular industries, or they're worried about what could happen with the effects of a potential recession.
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So changing jobs right now is not top of mind for them.
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But when it comes to relationships, huge financial moves in either direction can shake couples in much the same way.
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Because in both cases, they are exposing weaknesses in the marriage or sensitive spots in the marriage that otherwise might have been overlooked or ignored.
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Thank you for having me.
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Money tests a relationship.
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So these are things that present challenges when they sort of rock the status quo, both a financial setback and a windfall.
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Setbacks can test the strength of the marriage because when one partner loses a job or makes a bad investment or loses an income stream, then the couple then has to decide, how is this going to affect us?
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And similarly, a financial windfall
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An inheritance, a payout, or in the case of some research, I was looking at a lottery win, does the same thing.
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You know, it sort of rocks the relationship because it's challenging the status quo.
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