Americans’ outlook on wages has deteriorated, with the reservation wage for new jobs falling to 74,236 USD in March from a previous high of 82,135 USD. This decline is primarily influenced by men and workers aged 45 and older.
The survey indicates that consumer satisfaction with pay, benefits, and promotions has plummeted since November 2021. Economic concerns are growing due to inflation and potential recession, affecting overall confidence in the labor market.
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