The lowest pay workers would accept for a new job nears $74,000 | Hacker News Reader

The lowest pay workers would accept for a new job nears $74,000

bloomberg.com

26 pointshhs9 comments

Sounds about right. That's like $40K in late 90's money, when I was getting out of college, right before the dot-com bubble. My first job out of college as a junior engineer paid $45K. I had asked for $50K, which they gave me 6 months later. This was middle of no where east coast.

Thr article title is misleading. The figure quoted is the mean reservation wage, not the lowest reservation wage.

I wish they published the median - it would be more informative.

They do publish the 'dispersion', although I'm not sure whether this is a min-max range or certain low/high percentiles: https://www.newyorkfed.org/microeconomics/sce/labor#/expecta...

It's interesting to compare the above with the chart that shows job offer wage expectations: https://www.newyorkfed.org/microeconomics/sce/labor#/expecta...

The first chart (required wages) have gone up faster than the second (expected wages for new job offers).

Has anyone looked at housing prices in areas with job growth? In Western MA, anything that isn't a builder special or in the ghetto will set you back at least 200 kUSD. If the government wants to control inflation, maybe it should stop insisting that the only policy around is monetary policy.

Housing prices aren’t even part of the inflation calculation.

Precisely that is the problem here.

I am looking at $400 - $550K or so if I were to buy an apartment here in downtown Austin, which is something like right around $3700 a month or so with current interest rates, taxes, HOA fees, and the actual mortgage itself. My current salary has kept up fantastically with inflation to the point that affording it won't be a problem in a year or two when I buy, others, not so much.

Man, those prices are eyewatering, and it wasn't always like that. One of these days it will be major employers putting pressure on the city to allow more construction because they cannot attract employees, except locally.

If you think those prices are eye watering checkout Vancouver or San Francisco just to name a few.

https://archive.is/OpIOG

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