Inflated Salaries Put Targets on Workers' Backs as Market Cools

Workers who secured substantial salary increases during the pandemic hiring frenzy are now confronting a stark reality: they're likely overpaid in today's cooling job market. According to new Korn Ferry data, two-thirds of U.S. workers believe they're compensated at or above their market value.

The tech sector has experienced significant wage deflation, with expanding pay transparency laws making market corrections impossible to ignore. Only 60% of recent job switchers received raises in Q1 2025, down from 73% just one quarter earlier.

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