Americans dissatisfied with jobs despite economic gains
The economy has added millions of jobs and pay gains have accelerated in recent years, but Americans aren’t crazy about their work.
A new poll found that just 40% of employed Americans say they’re in “good” jobs, compared with 44% in mediocre jobs and 16% in bad jobs. How respondents ranked the quality of their job had a direct correlation with their quality of life: 79 percent of workers in good jobs reported having a high quality of life, versus only a third of those in “bad” jobs.
The Gallup poll released Wednesday asked 6,633 working adults to assess their current job on 10 dimensions of job quality like employee benefits, level of pay and job security. More important aspects, as ranked by the respondent, were weighted more heavily in the final five-point score. A “good” job is a score of 4 or above. A “bad” job reflects a score below 3.
About two-thirds of those making $143,000 or more a year — in the top 10% of incomes — categorized their job as “good,” while less than a third of those making less than $24,000 said the same.
Overall, just about half of workers are satisfied with their current pay, but this differs greatly by income. Eighty-nine percent of those in the top 10% income bracket were satisfied with their level of pay. That compares to less than half of that for those with incomes in the bottom half.
Fewer than two-thirds of respondents said their pay has increased in the last five years, further underscoring how the record-long expansion has also been uneven across income levels. Federal Reserve Chairman Jerome Powell has emphasized the importance of sustaining the expansion so “that the strong job market reaches more of those left behind.”
As the labor market has gotten tighter, companies have complained about a lack of qualified workers, and job postings currently exceed the number of unemployed Americans.
Yet no more than 37% saw an improvement in any single aspect of work besides pay over the last five years, according to the report, which was funded by the Lumina Foundation, the Bill and Melinda Gates Foundation and the Omidyar Network.
About a fourth of Americans saw an improvement in their employee benefits, while only a third were enjoying their day-to-day work more.
When looking across different groups, black women were most likely to work in bad jobs, at 31%. White non-Hispanic men, followed by white non-Hispanic women, were least likely to be disappointed in the quality of their job.
Hispanic men and black women were the most likely to be disappointed. Asian workers, who had higher levels of income and education than white Americans, expressed lower job quality than white respondents.