If you want to hire someone new, you’ve got to show them the money.
Workers say they want more money than ever for a new job. The latest data from the Federal Reserve Bank of New York shows that the reservation wage — the average lowest wage a respondent would be willing to accept for a new job — hit a series high in July 2026. Workers say their asking price is now $88,387, up over $10,000 from March 2025.
It’s a stark figure in a labor market that’s shown signs of weakness. Why are workers demanding more in a market that wants to offer them less? The soaring reservation...
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