Workplace news.
A place for working class Whites to discuss the op thoughtfully. The average American won't work for less than $78,645, data finds Story by Justin Boggs • 1mo In the year since the U.S. hit its highest interest rate in more than four decades, the American workforce asked for more compensation than ever before. According to data from the Federal Reserve Bank of New York, the average lowest wage Americans said they would be willing to accept for a new job was $78,645 in July 2023. It is a nearly $6,000 jump from July 2022. Employers have had to respond to the demands of potential workers. From March-July 2023, the average offer for a new job was $69,475, which was nearly $9,000 more than the previous year. The average expected likelihood of working beyond age 62 declined to 47.7% in July 2023 from 48.8% in July 2022, the data found. The new data suggests that those seeking new jobs are finding better salaries than those remaining in existing...