Joe Raedle/Getty Images
- A Bank of America Institute report shows the median pay raise for job-to-job movers has cooled.
- Job switching has slowed from its Great Resignation era highs.
- Middle- and higher-income job seekers could "have somewhat less leverage," per the report.
Here's some less-than-great news if you're looking to job-hop because of your pay: People changing roles likely won't be getting as big of a wage bump as past job switchers.
"If you'd have done the same thing a year ago or 18 months ago, you'd have probably got double the pay rise you're going to get today," David Tinsley, senior economist at the Bank of America Institute, told Business Insider.