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UltraSoftBIS Work Smarter, Not Harder
Home News Work-life

Nearly 40% of Hourly Workers Not Earning Enough for Basic Needs

Nearly 40% of hourly and skilled-based workers say their take-home pay is not enough to meet basic needs, according to new research.

Jo MeunierbyJo Meunier
October 12, 2022
in Work-life
Reading Time: 2 mins read
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Nearly 40% of Hourly Workers Not Earning Enough for Basic Needs

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New research paints a worrying picture for American workers, with nearly 40% of hourly and skilled-based workers saying their take-home pay is not enough to meet basic needs.  

The ‘America@Work: 2022 Report on the American Workforce’ by Jobcase surveyed 4,000 hourly and skilled-based employees in the U.S. 

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Only 37% of workers surveyed feel confident about their future financial security, with inflation a top concern for employees. 

Inflation has caused about 2 in 3 employees to consider taking drastic action, such as switching jobs (23%), switching industries (18%) or going back to school (16%). Only 26% reported that they had received a raise due to inflation. 

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The top industries in which workers say they lack income for basic needs include: 

  • Healthcare (55%) 
  • Office administration (53%) 
  • Customer service (53%) 
  • Education (51%) 
  • Retail (48%) 

Surveyed employees were asked to define what they deem a “good employer”. Responses include competitive pay (57%), good leadership (55%), healthcare benefits (48%), paid time off (47%), opportunities for advancement (43%), and a flexible schedule (42%).  

Fred Goff, co-founder & CEO of Jobcase, said: “As we fight inflation and navigate recession fears, this is a moment to lean into empowering workers more, not less, wherever we can. Worker concerns are common sense, and their requests are reasonable. Addressing them will benefit employers in the long-run every bit as much as it will benefit employees.” 

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Source: PR Newswire
Tags: Work-life BalanceWorkforce
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Jo Meunier

Jo Meunier

Jo is Allwork.Space's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members.

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