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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