You pretty much have to be offered another job to get that kind of raise, which is another part of this taking time.
Right, and when you jump between jobs, you lose out on the time you work. Does it justify the 10%? And usually there are more hidden drawbacks.
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It definitely depends, but the largest cumulative earnings gains come from changing jobs.
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That is true. It does come from changing jobs. But if you change jobs all the time, you have no semblance of life.
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I think the hidden drawbacks you mentioned are a bigger concern than lifetime earnings.
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People dont realize when you change jobs, you lose like 2 months of earnings. That affects your benefits, 401k, everything. Then the training and meeting new people... If money is what you are going after, go for it.
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