What is the lowest income you’re willing to accept for a new job? It is a question that workers are asked by researchers at the Federal Reserve Bank of New York three times a year as part of their Survey of Consumer Expectations.
The information they are analyzing, which relates to the so-called “reservation wage,” has changed considerably over time.
The reserve pay increased to $72,873 in July 2022 from $68,954 in July 2021.
But comparing the responses from men and women shows a significant gap. The reserve wage for men climbed to $86,259, while it was considerably reduced for women to $59,543.
Have you raised your pay expectations since the pandemic? Who should get paid more, men or women?