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Americans Don’t Care as Much About Work. And It Isn’t Just Gen Z. (www.wsj.com)
submitted 8 months ago by MicroWave@lemmy.world to c/news@lemmy.world
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Blame it largely on the pandemic, which weakened the hold the workplace held on people’s psyches

By outward appearances, the labor market today looks much as it did before the pandemic. The unemployment rate is just as low, the share of adults in the labor force is just as high, and wages are growing at roughly the same pace after inflation.

But beneath the surface, the nature of labor has changed profoundly. Career and work aren’t nearly as central to the lives of Americans. They want more time for their families and themselves, and more flexibility about when, where and how they work.

The impact of this change can already be seen in both individual companies and the broader economy. It has led to a persistent shortage of workers, especially in jobs that seem less desirable because, for example, they require in-person work or fixed hours. That, in turn, has altered the bargaining position of employers and employees—forcing employers to adapt, not just by paying more but giving priority to quality of life in job offers.

To be sure, some of these changes arise from an exceptionally tight labor market. If unemployment rises, some of employees’ newfound leverage may evaporate.

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[-] dumples@kbin.social 12 points 8 months ago

People want to meaningful contribute to their community. Work stops most of us from doing that but instead do something that pays

this post was submitted on 11 Mar 2024
368 points (97.7% liked)

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