Posted on 12/21/2022 9:57:09 PM PST by blueplum
American jobseekers' salary expectations have hit a record high, a new poll reveals.
The New York Federal Reserve Bank found the lowest average annual pay workers were willing to accept from a new employer was $73,667 in November. That number is known as a 'reservation wage.'...
...The increase in salary expectations was most pronounced among job hunters under the age of 45, the bank added. ...
...Meanwhile, the expectation of working past the age of 62 dropped to 48.8 percent, on average, from 50.1 percent in July - the lowest figure recorded since 2014....
(Excerpt) Read more at dailymail.co.uk ...
Young people appear to think they should become internet billionaires overnight. Delusional, narcissistic.
Well of course, they’ve been taught that if owners won’t pay
you $75k per year, they are evil purveyors of and proof CRT
is real.
Talk about a lost generation, at least in part...
Good luck with that! Or Welcome to MacDonalds’. You have no experience, studied Wokeism and sexual habits of the Australian Wombat, and you dress like shitz. BOHICA. Here’s a one person tent to live in while you contemplate paying off your student loan. Loser.
$25/hour?
25 dollars an hour is only 48K a year. (Before taxes) Pretty crappy wage today.
$36-37/hour
More like $35/hr.
If it takes $75,000 a year for a company to fill a position, then the person making that $75k is earning the market rate.
Average work year hours equals 2080 hours. So:
2080 X ? $/ hour = Yearly Earnings + Benefit’s (might be negotiable)
$74k is pretty lofty starting wage. Just saying.
this is the wage inflation that Powell is willing to sacrifice the entire economy to inhibit.
Last thing on earth to go up and now under complete assault by the Fed.
Can’t make this stuff up.
*If one doubts it, there is plenty of material out there.
I was very skeptical but the material clearly delineates wage inflation is the target. ie recent headline-
“Powell puts US pay hikes at heart of Fed’s 2023 inflation” fight
It’s a poll and I doubt it’s has any validity.
“The average personal income in the U.S. is $63,214. The median income in the U.S. is $44,225. The average American annual real wage was $67,521 in 2020. The average U.S. household income is $87,864.”
The median income is $44k. Someone has been taking jobs less than $74k. A lot of someones. There are some high earners who skew the averages up.
Net pay around $4,568 per month
Rent $2,500
Gas and electric, $250
Renter Insurance, $75
Car payment, $400
Auto insurance, $125
Internet, $75
Mobile phone, $50
Health insurance, $250
Auto gas, $250
Food & Misc, $250
Water and sewer, $50
Garbage, $50
That's $4,325
And doesn't include entertainment, clothes, maintenance, and so much more. Yes, round numbers, but it is not pretty and doesn't leave much for savings, rainy-day fund, or retirement.
And now, they want everyone to buy an electric car. Yep, that Tesla will cost around $1,000 a month or more, which is not affordable. What do you give up?
Maybe the car, which saves payment, insurance, maintenance, and fuel? Ride a bike? In the wintery snow?
The median wage is creeping up to my current wage, and there’s no increases in sight. I am so screwed.
One issue is that companies are no longer meritocracies.
30 years ago a kid would start in the mail room and work their way up to CEO.
Now companies hire a kid from the right social group with the right degree and immediately make them a junior executive.
If you start with a junior job you are expected to remain in a servile position for the next 40 years.
So there is some logic as to why you should try hard to start at the top.
A lot of us are feeling wage compression where the entry pay rises quickly while our pay roughly stagnates thus diluting our relative earnings. And now we have inflation rate surpassing our annual increases. It’s a mess. Let’s Go Brandon indeed… to hell in a hand basket.
it makes no sense to me. I read an unrelated article that claimed 80 million Americans (1/4 of the pop) were low-income. So who’s paying these kind of wages? Must be big city with a minimum masters’ degree?
Should be more like $90 or more starting wage.
Salaries for CEOs and upper management have more than kept up with inflation while the average employee is left out.
Percentage pay increases have caused part of this problem.
This should change to flat dollar increases.
You are correct....polls don’t reflect reality in 99-percent of cases.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.