Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The lowest pay Americans would accept for a new job increased to a record USD73,667 according to a New York Fed survey as soaring prices change the calculus for workers.
The self-reported "reservation wage" climbed fastest among those employed without a college degree according to a survey conducted three times a year that dates back to 2014. The measure grew 19% between March 2020 and November 2022 for employed respondents and 12% for non-employed respondents. Job holders without a college degree pushed up their reservation wage 27%.
"The respondents’ increase in satisfaction with non-wage amenities in their current jobs are the main drivers of the rise in reservations wages since the onset of the pandemic, keeping everything else constant," a New York Fed blog said.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.