Americans Demand Nearly $80,000 a Year Before Accepting New Job: NY Fed

U.S. workers on average demand about an $80,000 annual salary before they will accept a new job offer, says the New York Fed.

People walk wearing masks outside the Federal Reserve Bank of New York in New York on March 18, 2020. Lucas Jackson/Reuters

The base salary level which American workers demand before accepting a new job rose to a new high this year, due to persistent inflation.

The New York Federal Reserve reported in its July employment survey on Aug. 21, that the average “reservation wage,” or the minimum acceptable wage that workers will take to switch jobs, rose to $78,645 in the second quarter of 2023.