The U.S. economy earlier this year recovered all the jobs lost during the recession, but those new jobs pay an average of 23% less than the ones lost in the downturn, according to an analysis released Monday by the U.S. Conference of Mayors. Job losses in the higher-paying manufacturing and construction sectors were largely replaced by jobs in lower-wage industries, including hospitality and healthcare, the report said.
Perhaps you’ve heard of a “not-to-do list.” CEOs and productivity experts recommend the idea highly as a huge productivity booster that will help you free up time and headspace for all the things that really matter. Sounds great. But what should go on it? Best-selling author Tim Ferriss has some ideas. In a recent short podcast, he named nine bad work habits that entrepreneurs and others desperately need to eliminate (chances are, you are doing at least a couple of these—I’m personally massively guilty of No. 2 and No. 5). So there is almost certainly something here that can boost your output. (by Jessica Stillman)
An Intelligence Group survey found 64% of Millennials would rather make $40,000 per year at a job they love than $100,000 a year at a job they think is boring. My response to that stat is “it’s about time a demographic group stepped up for what they want and need”. If the values of the Millennial generation hold up over time, corporate America may be in for a shock.
According to the New York Times “even if you’re lucky enough to have a job, you’re probably not very excited to get to the office in the morning, you don’t feel much appreciated while you’re there, you find it difficult to get your most important work accomplished, amid all the distractions, and you don’t believe that what you’re doing makes much of a difference anyway. By the time you get home, you’re pretty much running on empty, and yet still answering emails until you fall asleep.” Welcome to corporate America where you are expected to give 110% while employers treat you like numbers on a balance sheet.
I am sending my story to a number of websites in hopes that it will be published and the word will be spread. My name is Robert, I’m 52 and have been looking for work for over two years since my company let me go so they could report higher earnings for the financial sector. While the unemployment rate is falling there a millions of people just like me who have either given up looking for work or have taken lower paying jobs just to have something to do and provide just enough money to get humbled.
Sometimes it seems we live by numbers. The latest example is the media celebration around the latest jobs report indicating that employers are adding jobs. However if we look beyond the numbers we find a lot of people who have given up looking for work as well as a great number of people who are being underpaid because employers “just want someone to sit in a chair and do a job”.
The epidemic of workplace stress, anxiety and depression costs U.S. businesses an estimated $200 billion to $300 billion a year in lost productivity, employee turnover and legal, medical and insurance bills. Traditional business thinking focuses on extracting the maximum from workers—and maximizing profits in the process. But the pressure we feel to perform well and get results makes our blood pressure rise and our stress levels skyrocket, even absent an overtly abusive boss or competitive colleagues.
It is widely accepted in some business circles that to make money, you have to keep your costs down and your prices low by paying employees as little as possible. This can be termed as the “bad jobs” strategy – where employees are treated as a necessary expense you aim to minimize. However, there are successful companies in business today which go in the opposite direction. They utilize what can be termed a “good jobs” strategy – they invest in their people and provide jobs with decent pay, great benefits and stable work schedules so their people can perform well.