Econ Quiz: Job Satisfaction

(Image Source: Tim Mossholder / Unsplash)

November 2023


On the heels of the ongoing COVID-19 pandemic, the phrases “Great Resignation” and “quiet quitting” became part of our vocabulary. The first term described the unexpected churn in the labor market as quit rates hit a 20-year high in the spring of 2022. The second phrase has taken on many different meanings. For some, quiet quitting is about creating a work/life balance: an intentional act of not overachieving at work. For others, it’s used to describe workers who are doing the bare minimum. Across most uses of the phrase, quiet quitting describes a detachment from the workplace without actually leaving the workplace.

In 2023, after the pinnacle of both the Great Resignation and quiet quitting, the Pew Research Center conducted a survey regarding the experiences of U.S. adults in the workplace. The results point to a general trend of disengagement among younger workers.

Among workers of all ages, 51% reported being “extremely” or “very” satisfied with their job. The proportion of workers who are satisfied declines as age declines. Roughly 67% of workers ages 65 and older, 55% of those age 50 to 64, and 51% of those age 30 to 49 reporting that they are “extremely” or “very” satisfied with their jobs.

The youngest workers expressed the least satisfaction with their jobs. What percentage of workers ages 18-29 expressed being extremely or very satisfied with their job?

A. 62%

B. 30%

C. 44%

D. 10%

E. 50%

ANSWERS

Answer: C. 44% of U.S. workers aged 18-29 stated they are extremely or very satisfied with their job., 41% reported that they are somewhat satisfied with their job, and 15% reported that they are not too satisfied or not at all satisfied with their job.

Source:
Leppert, R. (2023). Young workers express lower levels of job satisfaction but most are content with the their job. Pew Research Center.


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