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MNI BRIEF: Americans’ Pay Floor Rises To Record-NY Fed


The lowest pay Americans would accept for a new job increased to a record USD78,645, according to a New York Fed survey released Monday, as higher consumer price levels change the calculus for workers.

The measure increased 8% on the year to July from USD72,873. The self-reported "reservation wage" climbed fastest over the year for those above the age of 45 according to the survey conducted three times a year that dates back to 2014.

The measure grew 27% between March 2020 and July 2023.

Source: New York Fed

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MNI Washington Bureau | +1 202-371-2121 |

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