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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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Bias Distribution

  • 42% of the sources are Center
42% Center

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The Washington Post broke the news in on Monday, August 21, 2023.
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