'Employee whisperer' warns of major issue 'killing' companies right now

Wage compression, where new hires are paid higher wages than long-time employees, is silently destroying companies and causing resentment among employees, according to labor expert Jason Greer.

foxbusiness.com

Relevant topic timeline:

8/29/2023

Employers have had enough and are starting to cut salary offers by as much as 47%, according to analysis of 20,000 job postings

The trend of hefty pay increases for new hires is reversing, with the average posted pay for more job titles declining rather than increasing so far this year, according to data from ZipRecruiter, indicating a potential end to a brief golden age of wage growth for job seekers.