An iteration of the survey taken in July found that 4.4% of respondents expect to lose their jobs in the near future. To put that into context, the only other time it’s ever hit 4% was when the pandemic struck in March 2020.
That’s pretty stark.
But despite fears they may be jobless soon, today’s job seekers won’t accept less than $81,147—up by almost $20,000 since March 2020. This figure is the average reservation wage of workers, which is the lowest wage at which respondents would be willing to accept a new job.
I guess people polled are doing better than I’d expect. I thought a lot of people have to accept a fair amount lower than this. How many fast food workers are making this much? Maybe in California (where cost of living is also much higher), but I doubt it in Alabama.