Business
2024-05-10-job-satisfaction-improves

Workers say they like their jobs slightly more… but everything about them less

New data out earlier this week from The Conference Board revealed that nearly 63% of US workers surveyed said they were “satisfied” with their jobs, the highest rating since the poll began in 1987 (yay!)... not to be discounted, though, by the year-over-year drops in worker satisfaction observed across every one of the 26 specific categories they were asked about (yay?).

Although some subcategories like commuting saw satisfaction drop off by a negligible amount, several fell far more sharply. Indeed, while workers were much less jazzed about the bonus plan (-7.6%), wages (-5%), and health plan (-7%) offered to them by their employers compared with a year ago, none of these factors seemed to play a hand in overall job satisfaction, which nudged slightly higher (+0.4%). Why?

Perhaps there is some psychological dissonance between workers disliking all aspects of their jobs and saying, “Actually? This is fine.” Perhaps inflation or economic insecurity means that a job that pays the bills (and offers little else) is enough for many Americans right now. Or, perhaps asking to give a 1-5 rating for overall satisfaction as the final question on a 27-part job survey skews results by the pure relief of completion.

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Rani Molla
5/31/24

Buckle up: another Tesla recall

Tesla has issued another recall, this one over seat belts that fail to warn drivers when they’re unbelted, Reuters reports. The struggling electric car company has issued a number of recalls this year, including two for its long-awaited Cybertruck, amid a 14% decline in its stock price. This is all while its CEO Elon Musk fights for shareholder approval for his record $56 billion pay package. The latest recall affects 125,000 cars and is just the latest example of chaos in Tesla town. The company plans to release an over-the-air software update to fix this issue, with deployment expected to start in June.

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