If you work in industry, is the only real way to boost your salary quickly is to job hop every 2-3 years? Do ppl not stay at one company their whole career like in previous generations?

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Yes job hopping is the easiest way, but never the only way. Some people really do get good raises every year and are valued by their companies. You also have to remember your salary isn’t the only thing that matters. Things like company benefits, a conducive working environment, your work life balance are all factors that many would choose over a super higher salary.

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Generally speaking, the only way to get a substantial raise is to jump to another organization. That's just the way it works, new arrivals make more money than loyal employees, it's how companies attract new blood. There's even a term for this, wage inversion.

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I can’t give a great answer to this since im early in my career but I would say it depends on the company. Some industry companies could promote that quick depending on the situation (such as a person leaving and you getting promoted to a higher level because of someone leaving). I see the benefit of industry being the work/life balance especially from what i hear compared to PA

As a rule yes, with some exceptions. Everything else the same, a person staying in x job for 12 years will have made less during those 12 years than the person that hopped to 2 different companies and then came back to x.

Now that doesn't alaays mean it was worth it. For example, some companies give you more pto with seniority, etc.

Not many do. But I'm an older Millennial and have been with my company for almost 14 years. Recently promoted to manager now that I'm full time again. I was PT for many years raising children. We have a pension so my goal is to stay here 15-20 more years. But I am completely not the norm. And the pension is a huge part of what keeps me here.

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I’m being taken advantage of with being thrown so much work and really don’t see my salary increasing to be in line with my coworkers doing similar work. I’m a consistent high performer - management reviews tell me that much.

My coworker did mention to the manager that they’re not being paid well for the work they do, and our manager took it personally and told them they’re ungrateful 🥲

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