Report: Workers Expecting Record-High Salary for New Jobs

The amount of money most workers want now to accept a job reached a record high this year, according to CNBC.

Citing a New York Federal Reserve employment survey released Monday, the average “reservation wage,” or the minimum acceptable salary offer to switch jobs, rose to $78,645 during the second quarter of 2023.

The reported number is an increase of about 8% from just a year ago and is the highest level ever in a data series that goes back to the beginning of 2014, CNBC said. Over the past three years, which entails the Covid-19 pandemic era, the level has risen more than 22%.

Click here to read the full story from CNBC.

A.J. Hecht

A.J. Hecht is the managing editor of THE SHOP and host of the In Gear with THE SHOP podcast. Have an idea, a tip, or a question you’d like to see answered? Contact A.J. at

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