Average US worker won’t take new job for less than $74K as salary demands hit new record: Fed survey – By Kayla Bailey (FOX Business) / Dec 22, 2022
The average reservation wage increased from $72,873 to $73,667 in November, according to the New York Federal Reserve Bank
American job hunters set a new record for salary expectations.
The average reservation wage — the lowest wage respondents would be willing to accept for a new job — increased from $72,873 in July to $73,667 in November, according to a study conducted by the New York Federal Reserve Bank.
The increase was particularly prominent in respondents under 45.
Dan Roccato, a finance professor at the University of San Diego, believes that inflation is the top reason for the revelation, followed by young adults remaining at home.
