How much money would it take to get you to take a different job?

Central bankers track this carefully.

I'm David Brancacho, two conflicting views of the job market.

The Wall Street Journal looked at 20,000 job postings on Zip Recruiter and finds most

firms paying less to hire new people now.

This is Central bankers try to cool the economy with higher interest rates, yet there's

new survey data from the New York Fed that seems to contradict this, which finds the

average full-time offer of employment was $69,500, up 14% from the $60,800 average offer

a year ago.

Let's bring in economist Julia Coronado in Austin.

She is founder of macro policy perspectives, hi Julia.

Good morning.

It still looks like it takes companies, quite a bit more money, to lure people in.

What do you make of these conflicts here?

Well, we are in a transition from what has been a smoking hot labor market to just a solid

labor market.

I think probably employees are trying to make up for lost time and accounting for inflation

and raising their wages, whereas employers, well, they're trying to cut costs.

There's some pressure on profits, and so they would prefer to pay less.

All right.

So perhaps some kind of inflection point we'll see.

Now in Econ 101, there's this concept of the reservation wage, the least amount a company

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