The lowest compensation that job searchers are willing to accept for a new position increased to the highest in data back to 2014, according to the Federal Reserve Bank of New York. The regional Fed bank’s survey found that individuals now require, on average, more than $81,800 to change jobs. In March 2021, just as inflationary pressures started to mount, workers were willing to switch jobs for about $10,000 less. The increase was most pronounced for men, younger workers and higher-income workers. Amid a higher cost of living, the so-called reservation wage for men was $95,500 in March. That’s $29,200 higher than ... (full story)