What’s to Blame for Job Dissatisfaction Story

What is the root cause of job dissatisfaction? That’s a question I’ve been pondering for quite some time. In fact, I’ve been thinking about it off and on since starting the blog and being introduced to the concept of FIRE (financially independent, retire early).

You see, both Sebastian and I take some issue with the concept of FIRE. Don’t get us wrong, we fully support the idea of financial independence, it’s the early-retired part we’re not so sure about.

First off, we don’t feel that someone who leaves a traditional 9-5 to pursue another line of work is really retired. Many have disagreed with us, but that’s our opinion.

What’s really interesting when you look at job satisfaction over time is that it’s actually been trending upward recently.

Job Dissatisfaction: Then and Now

According to The Conference Board job satisfaction survey data, job satisfaction was at its highest in 1987 with 61.1% of workers being satisfied with their job (the first year of the survey).

By 2000, job satisfaction had dipped to 50.7%, where it ebbed and flowed until just after the recession in 2008. Job satisfaction hit its lowest in 2010 at 42.6%, and has been climbing ever since to the most recent survey in 2016, where it was at 50.8%.

According to The Conference Board this dip was due to several long-standing trends in the labor market. These trends include: – Weak earnings growth – Rising income inequality – Declining job security – An increase in work intensity

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