American Workers Want Almost $79,000 Salary to Start a New Job
- Reservation wage is the lowest you would be willing to accept
- Men expect a salary close to $25,000 more than women
Workers with a college degree now expect $98,600 annually to accept a new job, compared with an average $63,300 for those who don’t have one.
Photographer: Victor J. Blue/BloombergThe wage floor for American workers climbed to a record high close to $79,000, according to a Federal Reserve Bank of New York survey released Monday that also found pay demands among women are rising twice as fast as for men.
The average reservation wage – the lowest annual pay that workers would accept to take a new job – increased to $78,645 in July, according to the New York Fed’s most recent Survey of Consumer Expectations. That’s up from about $72,900 a year earlier and $69,000 in July 2021.
