Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Young, Educated American Men ‘Quiet Quit’ Jobs the Most During Covid

Published 10/01/2023, 06:54 am
© Bloomberg. Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Nov. 9, 2022. US stocks declined following midterm elections that failed to yield a Republican sweep. Treasuries and the dollar caught bids in a sign of deteriorating risk sentiment. Photographer: Michael Nagle/Bloomberg

(Bloomberg) -- Young American men and men with college degrees led the “quiet quitting” movement in the US, according to new research that sheds more light on the pandemic-induced phenomenon. 

Men aged 25 to 39 worked 16 fewer hours annually — voluntarily as opposed to layoffs — between 2019 and 2022, while men with at least a bachelor’s degree cut back 14 hours, the most among groups, researchers from Washington University found. Those with higher earnings and already working the most hours had the biggest reductions.

Quiet quitting refers to workers scaling back overall effort and time spent on the job, a phenomenon fueled by the pandemic that forced a rethink of work-life balance globally. While recessions typically prompt a drop in working hours amid layoffs, the research found that the pandemic-fueled downturn was different, with a large chunk of the reduction driven by Americans choosing more flexible hours or jobs.

“The reduction in hours worked may well persist. And that would not be a perverse outcome,” wrote report authors Dain Lee, Jinhyeok Park and Yongseok Shin at Washington University in St. Louis.

Overall, US workers had 11 fewer hours on the job during the pandemic than prior years going back to 2007, according to the paper Where are the Workers? From Great Resignation to Quiet Quitting. Men, who work on average more hours than women, logged 16 fewer hours each year, while women cut down by six hours. 

Despite the step back from the workplace, Americans still work more than many other advanced economies. The average US employee put in 1,791 hours in 2021, higher than Japan, Canada and the UK, according to OECD data cited by the authors.

©2023 Bloomberg L.P.

© Bloomberg. Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Nov. 9, 2022. US stocks declined following midterm elections that failed to yield a Republican sweep. Treasuries and the dollar caught bids in a sign of deteriorating risk sentiment. Photographer: Michael Nagle/Bloomberg

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.