- The reservation wage is the lowest salary at which a job applicant will accept a new role.
- A recent survey found that the average reservation wage has risen to nearly $80,000.
- That's a record high — and shows that while the job market has slowed, workers may still have the upper hand.
Hiring managers beware: It may cost more than ever to get a candidate to accept a position.
Even though the labor market has slowed, the lowest salary the average US worker says they'd need to accept a new job has reached record highs, according to New York Fed's SCE Labor Market Survey.