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- Nov 2024
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www.philadelphiafed.org www.philadelphiafed.org
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For nearly half of the lower-wage employment analyzed, we identify at least one higher-paying occupation requiring similar skills in the same metro area. We also find that transitions to similar higher-paying occupations would represent an average annual increase in wages of nearly $15,000, or 49 percent.
Recognition can change the world. Signals need to be valid and trustworthy, but we're so close to making a huge difference in the world through recognition of things that are already there, just hidden in plain sight.
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