Workers want $78K to start a job: What it reveals about the job market

📆 23/08/2023 17:24:00
📰 YahooFinanceCA

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Workers want to make at least $78,000 when they start a job, according to a New York Federal Reserve survey. BMO Wealth Management U.S. Chief Investment Officer Yung-Yu Ma explains that there is a 'lag effect' and that a lot of employee expectations are based on what has happened in the past, while companies are looking ahead and seeing a slowing economy. 'We have a little bit of a mismatch right now, but it is indicative of the labor market gradually coming into somewhat more of a balance,' Ma says. 

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