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%.

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By 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 ahecht@cahabamedia.com.