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American workers are demanding almost $80,000 a year to take a new job
- The average "reservation wage" or minimum acceptable salary offer to switch jobs in the US reached a record high of $78,645 during the second quarter of 2023, indicating inflation in the labor market.
- Wages are recognized as a driving force behind inflation, and while goods prices have decreased, wages continue to rise, pushing inflation above the targeted rate of 2%.
- The survey also showed a decrease in job-seeking activity and the likelihood of job-switching, possibly indicating a tighter labor market and raising the possibility of higher interest rates by policymakers.
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12 Articles
American workers now want almost $79,000 salary to start a new job
The wage floor for American workers climbed to a record high of close to US$79,000, according to a Federal Reserve Bank of New York survey released Aug. 21 that also found pay demands among women are rising twice as fast as for men.
·Canada
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Total News Sources12
Leaning Left3Leaning Right4Center5Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 25%
C 42%
R 33%
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