60% of American workers lack quality jobs, Gallup study finds. What does this mean?

About this video

• Video Title: 60% of American workers lack quality jobs, Gallup study finds. What does this mean?
• Channel: Yahoo Finance
• Speakers: Molly Blankenship, Josh (Interviewer)
• Duration: 00:04:39

Overview

This video discusses the findings of a new Gallup report indicating that 60% of American workers do not have "quality jobs." The report defines job quality beyond just pay, including factors like opportunities for advancement, skill-building, worker voice in decisions, and sustainable schedules and workloads. The discussion explores the implications of this data and potential actionable steps for employers and policymakers.

Key takeaways

• Majority Lack Quality Jobs: A significant 60% of US workers are not in jobs that meet the criteria for quality, according to a new Gallup report.
• Defining Job Quality: Job quality is defined as encompassing fair pay and benefits, opportunities for advancement and skill-building, worker voice in decision-making, and sustainable schedules and workloads.
• Data Gap: The lack of comprehensive data on job quality aspects beyond pay and employment numbers has led to a limited understanding of the workforce and contributed to issues like the "great resignation" and "quiet quitting."
• Disparities Exist: Quality jobs are not evenly distributed, with factors like education, race, and gender influencing access. However, issues like unpredictable schedules affect workers across different educational levels.
• Independent Contractors: Intriguingly, non-W2 workers (independent contractors) reported slightly higher job quality, potentially due to greater autonomy over their schedules.
• Call to Action: The data suggests a need for employers and policymakers to prioritize job quality, identify actionable steps (some low-cost) to improve worker satisfaction and well-being, and ultimately boost productivity.