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If you heard about it, you likely reacted the same way many of these employees did — with a jaw-dropping “WHAT?”

They drop to part-time, take paid or unpaid leave, take sick days, are absent, quit, or retire early.

In particular, bonus payouts dropped noticeably for companies of all sizes.

But “if they’re going to move jobs a handful of times, and 3% is where they keep dropping down to, they’re losing out there,” he said.

Fishawack Health faced a significant challenge with its employees: Those with two-to-four years of tenure showed “a big drop-off in overall engagement,” according to Nick Holmes, global head of career experience.

This negative CAP in 2022 can be explained by a drop in stock price relative to 2021, which causes a negative CAP despite the fact that the four-year company return is still positive, at 219%.

Figure 5 shows a performance summary for Microsoft in 2014 versus 2024, noting that the percentage change in RCE tracks with its share price — while ROIC drops off precipitously.

Moreover, many of the policies that were supportive of broadly based shared growth in the 1940s, ’50s, and ’60s were reversed in the 1970s and ’80s, as the real value of the minimum wage dropped, laws protecting collective bargaining failed to keep pace with growing employer opposition to union organizing efforts, and macroeconomic policymakers tolerated unemployment rates far higher than what was needed to keep inflation in check.

Interestingly, we do find that in California, after the transparency law came into effect, there was convergence of cashier salaries, with the standard deviation of cashier range midpoints dropping by 23%, from $8,476 to $6,492, while the variability increased in the comparison states.

However, that number drops to 444 at organizations with less than 1,500 employees and increases to 1,628 at organizations with more than 1,500 employees.