Why do bosses pay new hires better than loyal staffers?

I’m not sure why this trend continues … but it seems if you want a decent raise you must quit your job!
Even though numerous bosses are upping their overall wage scales in meaningful ways, it appears many employers will do significantly more, paycheck-wise, to lure a new worker than to keep the long-timers happy.
Ponder this workplace statistical oddity from economists at the Federal Reserve Bank of Atlanta.
Pay for workers who switched jobs rose at an average 3.98 percent annual ra