Employers demonstrated their infidelity to their staff by paying loyal workers, on average, 7% less than new hires — 20 years ago, salaries were largely the same between new and longtime employees.
Employers demonstrated their infidelity to their staff by paying loyal workers, on average, 7% less than new hires — 20 years ago, salaries were largely the same between new and longtime employees.
Gen X here and it has been common knowledge since 2000 that the only way to not fall behind your peers in terms of salary or career advancement is to change jobs every few years.
Existing staff getting paid less than new hires has been a thing for at least 25 years.
“The best way to get a raise is to get a new job”
Hell, I think it was boomers, if not the silent generation, who first learned the hard way that company loyalty can screw you. If that shit started in the 80s, it would have caught the silent generation.
The whole generational conflict is just another attempt to divide people so they are less likely to unite effectively against the ones who put their profit ahead of everything and everyone else.
Younger Silent and older Boomers definitely got the biggest shaft of all. This was the group of people who were promised a pension and regular retirement. Then the idiots who manage the companies ran them into bankruptcy and got business-friendly bankruptcy judges to dissolve the pensions, leaving retired and retiring people with nothing to fall back on. Younger Boomers looked at that and went “sounds good to me!”.