U.S. Workers More Dissatisfied With Jobs

[jamotto]

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By ADAM GELLER, AP Business Writer

NEW YORK - U.S. workers, pushed to produce more and uneasy about new technology and other changes, are markedly less satisfied with their jobs than a decade ago, a new survey says.

But the decline in on-the-job happiness, which continued through economic cycles in recent years, has at least temporarily leveled off, according to the survey released Monday by The Conference Board, a New York-based business research group.

Half of U.S. workers are happy with their jobs, down from nearly 59 percent in 1995, according to the survey. Of those, about 14 percent say they are very satisfied, on par with the group's last survey in 2003 and down from 18.4 percent in 1995.

The number of those satisfied is slightly higher than in a similar survey done in 2003, when 48.9 percent of workers indicated they were content with their jobs.

Compared to a decade ago, job satisfaction has declined among all types of workers, but the drop varies by age and income. The biggest decline in on-the-job happiness was among workers earning $25,000 to $35,000 and among workers between the ages of 35 to 44.

The workers most satisfied with their jobs are those earning $50,000 or more and workers at least 65 years old, the survey found.

The long-term drop in job satisfaction has been driven by rapid changes in technology, employers' push for productivity and shifting expectations among workers, said Lynn Franco, director of the group's Consumer Research Center.

"As large numbers of baby boomers prepare to leave the work force, they will be increasingly replaced by younger workers, who tend to be as dissatisfied with their jobs, but have different attitudes and expectations about the role of work in their lives," Franco said. "This transition will present a new challenge for employers."

The survey, conducted for The Conference Board by market research firm TNS, is based on a representative sample of 5,000 households surveyed in July.

Workers are generally content with their commutes to work and the relationships with co-workers.

But they voice substantial discontent with their companies' bonus plans, promotion policies, health plans and pension benefits. Only about one in three said they are satisfied with their pay.

The decline in satisfaction, though, also reflects harder to quantify factors like stress, the blurring of lines between work and home life, Franco said.

"It's not just about money anymore. It's not about wages. It's about much more than that," she said. "It's about overall job aspects, both monetary and kind of these softer issues as well."

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[Soback]

I think that the reason the workers are dissatisfied in $25,000 to $35,000 range is not because of rediculous reasons this article gives (technology, productivity?, just plain stupid), but because the pay has laged behind the inflation and house prices. Now less people are able to afford their own place, and with the inflation outpacing the pay raises the standard of living has been slowly declining (movie tickets alone have gone up from $6.00 in 1998 to $11.75 in 2005) In bay area you can barely afford a one bedroom appartment for rent (somewhere in the slums) if you are making $30,000 or below (if making $25,000 and less, forget about living by yourself). So there's your reasons in a nutshell. How can you be happy making $35,000 and barely making ends meet.

PS. Only 2% of houses in US are owned. The rest 98% is financed. Property taxes in CA is 10%. House prices in bay area are on average between $370,000 on the really cheap side, $600,000 on average and the rest just goes up well into millions. So if you buy a $500,000 house (just an average place) you will be paying 500 dollars a month just in property taxes. That's $6,000 a year + loan payments on the house. Basically, forget about owning your own place if you make anything under $50,000 (after taking out the state tax, federal tax, social security, medicare, CA disability fee).

[Guest Grayfox]

heh try living on your own with 18k a year and have a kid. im making it just fine... dont know why everyones in an uproar over this crap.

sometimes you just have to make due without. guess ive been doing it for so long im used to it now... big deal.

[jamotto]

That might explain why people in California are unhappy but it is really not as applicable to other places. For example here the median house price is $101,000 at that price you get a fairly nice house. Here I think it is benefits that people are most unhappy about.

[LostInSpace]

I agree it is definitely is regional. If you look at the price of houses in Florida for example you can buy a mansion for $250k but here in New York State you'd be lucky if would walk away with a bungalow for that price.