Workers Are Finding Fewer Ways Up The Ladder -- Market Talk

1553 ET - Moving between jobs has gotten harder for U.S. workers, and new research by the Minneapolis Fed shows that non-compete agreements and employer concentration could be the culprit. States with larger increases in concentration also experienced larger declines in upward job mobility, according to the research. In addition, the growing use of non-compete agreements makes it harder for workers to leave for other opportunities, potentially weighing on wage growth. "Recognizing that workers are less likely to leave, employers are offering lower wages," the economists write. (jessica.coacci@wsj.com)

(END) Dow Jones Newswires

August 27, 2026 15:53 ET (19:53 GMT)