Want a raise? You might have to find a new job

You know how wages have, on average, stagnated when you account for inflation? Well there’s one group that saw some actual wage growth last month: Job changers. Pay growth for people who switched jobs was 7% in July, according to ADP. Unfortunately, that doesn’t mean the entire labor market is heating up — some in-demand labor sectors might be accounting for most of that bump. Also in this episode: Gen Z bucks the K-shaped economy trend, insurance billing errors can add up for employers, and Kai visits a used EV auction.

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Read the stories in today’s episode:

• Job-changers are seeing their highest wage increases in nearly a year
• Gen Z is spending more across all income brackets
• In healthcare, catching errors from insurers is a growing industry
• The entrepreneur building a marketplace for used EVs