• 0110010001100010@kbin.social
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    1 year ago

    So:

    The average reservation wage of U.S. jobs seekers — the lowest annual pay workers would accept for a new job — climbed to a record high of $78,645 in July, up from $72,873 at the same time last year, according to the survey.

    Combined with:

    Yet the average full-time wage offer received in the past four months was $69,475, itself a marked increase from $60,764 last July.

    So that’s a ~13.5% increase in full-time wage offers vs a ~7.5% increase in ask. This seems like a non-story then, yes? Inflation has pushed wages higher which has pushed expectations higher. However, the offer increase is higher than the ask increase so… Am I missing something here?

    • Foggyfroggy@lemmy.world
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      1 year ago

      I agree it’s a non story. I mean, take out the numbers and the headline is pretty much “employees want more money and employers don’t want to give it”.

      • 0110010001100010@kbin.social
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        1 year ago

        But that’s my point, employers are giving it (kinda, I’ll circle-back to this). The full-time offer has gone up $9k in the last 12 months. Contrasted with the ask that has only gone up $6k in that same time-frame.

        Now, is $70k a livable wage? Hard to say without a more specific location. In bumfuck Alabama, probably. In LA, hell no.