Economy Insights: Job Security and Pay Satisfaction According to Pew Research Center
Job Security in the Current Economy
According to the latest Pew Research Center poll, conducted from October 7 to October 13, 2024, 69% of employed Americans claim they possess job security. Among them, 33% feel a great deal of security and 36% experience a fair amount. There has been no notable change in these perceptions since July 2022.
Pay Satisfaction Challenges
However, challenges emerge when it comes to pay satisfaction. Only 30% of respondents indicate satisfaction with their earnings, while an equal percentage report dissatisfaction. This not only marks a decline from 35% satisfaction recorded earlier this year but also correlates with ongoing inflation problems.
Major Reasons for Dissatisfaction
- 80% cite inflation as a major factor affecting their earnings.
- 70% express concerns that their pay is too low for the amount of work performed.
- 71% suggest their pay does not reflect the quality of work they deliver.
- 54% mention not earning enough to meet their living expenses.
With the U.S. economy steadily improving since the pandemic's peak, inflation continues to dampen morale among workers. Average prices have risen by 5.9% over the past two years, demonstrating the ongoing effects of rising costs on employee satisfaction.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.