The average 'reservation wage,' or the minimum acceptable salary offer to switch jobs, rose to $78,645 during the second quarter of 2023.
The average "reservation wage," or the minimum acceptable salary offer to switch jobs, rose to a record $78,645 during the second quarter of 2023.
The numbers are significant in that wages increasingly have been recognized as a driving force in inflation. According to the latest 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.
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