American workers are demanding at least nearly $76,000 annual wage from potential employers before taking a job due to high inflation and a tight labor market.
Employee wage expectations skyrocketed to a new high of $75,811 a year in March, according to the SCE Labor Market Survey from the Federal Reserve Bank of New York.
This is $2,100 higher than the average reservation wage of $73,667 in November 2022, when the survey was last taken and 4.7 percent higher from the same month last year.
The reservation wage is the lowest wage that job candidates will accept for a new position, as worker face financial pressure due to persistently high inflation over the past year….