Desperate job seekers are abandoning the idea of a ‘dream job’—but an economist warns bosses about what could happen next 

As companies slow hiring and job growth stalls, many Americans feel lucky just to have a job. 

A new survey from ZipRecruiter Economic Research reports that many new hires are taking pay cuts and not negotiating compensation. While a majority say they would leave their roles for higher pay, opportunities to do so seem scarce. 

About half of new hires (53%) — defined as people who have started their jobs within the previous six months — found their job within one month. Over a fourth (27%) of new hires took a pay cut...