Workers won’t accept less than $81,000 for a new role right now
==========
Workers are unwilling to accept salaries below $81,147 for new roles despite fears of job loss; a Federal Reserve Bank of New York survey indicates 4.4% of respondents expect unemployment, matching pandemic levels; tech layoffs, such as Cisco's, contribute to job insecurity; job seekers' reservation wage has increased by nearly $20,000 since March 2020; dissatisfaction with wages and promotion opportunities is rising, especially among women and low-income individuals; nearly 30% of surveyed workers were job hunting in July 2024, the highest since March 2014; the transition rate to new employers reached 7.1%, surpassing levels during The Great Resignation.
#Employment #Salary #JobMarket #Ai #Unemployment #FederalReserve #JobHunting #EconomicTrends #WorkerExpectations #Layoffs
https://fortune.com/2024/08/21/worker-reservation-wage-job-new-york-fed-survey/
Fortune /
npub1v7…9v0r4
2024-08-22 19:12:55
Author Public Key
npub1v7hvaa8pv7g92sr6na55dtzaxmrrsgddxkhst3e8atw4nxusm37sg9v0r4Published at
2024-08-22 19:12:55Event JSON
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"content": "Workers won’t accept less than $81,000 for a new role right now\n==========\n\nWorkers are unwilling to accept salaries below $81,147 for new roles despite fears of job loss; a Federal Reserve Bank of New York survey indicates 4.4% of respondents expect unemployment, matching pandemic levels; tech layoffs, such as Cisco's, contribute to job insecurity; job seekers' reservation wage has increased by nearly $20,000 since March 2020; dissatisfaction with wages and promotion opportunities is rising, especially among women and low-income individuals; nearly 30% of surveyed workers were job hunting in July 2024, the highest since March 2014; the transition rate to new employers reached 7.1%, surpassing levels during The Great Resignation.\n\n#Employment #Salary #JobMarket #Ai #Unemployment #FederalReserve #JobHunting #EconomicTrends #WorkerExpectations #Layoffs\n\nhttps://fortune.com/2024/08/21/worker-reservation-wage-job-new-york-fed-survey/",
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