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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Successburnout

The global white-collar burnout picture: Americans are less burned out at work but pencil pushers abroad are more miserable

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Matthew Boyle
Matthew Boyle
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Bloomberg
Bloomberg
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By
Matthew Boyle
Matthew Boyle
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Bloomberg
Bloomberg
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February 15, 2023, 12:25 PM ET
A burned out worker sleeping on her desk.
A burned out worker sleeping on her desk. Westend61—Getty Images
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Workers of the world are more exhausted than ever.

More than 40% of people with desk jobs feel burned out at work, a pandemic-era high, according to a survey released Wednesday by Future Forum, a research consortium backed by Salesforce Inc.’s Slack Technologies. The pain is particularly acute outside the US, where the burnout rate has been rising enough to offset slight improvements seen by American workers.

Economic uncertainty, fear of job cuts and rising pressure to return to in-office work have added to workplace malaise, Future Forum researchers said. Women and younger workers, in particular, reported struggling with burnout.

Regional pressures are also getting people down. In the UK, strikes have crippled the country as public-sector unions protest what they see as paltry pay increases. Japan’s government has asked firms there to help workers cope with the highest inflation since 1981. French citizens have taken to the streets to protest the government’s plan to raise the retirement age to 64 from 62, which could result in some concessions around working from home, a government spokesman said earlier this week.

In the US, layoffs are mounting and return-to-office policies are shifting from being recommended to required. However, workers there seem to feel slightly happier than their international counterparts. at

The Future Forum survey — conducted quarterly in the US, UK, Japan, Australia, Germany and France — has found that pandemic-era workers with more freedom to choose where and when they work are usually more satisfied, productive and less likely to quit. In the latest poll, conducted late last year, more than half of those who said they were dissatisfied with their level of flexibility also said they were burned out. Employees with immovable work schedules are more than twice as likely to say they’ll “definitely” look for a new job over the next year.

“All the benefits of flexibility are about how you give people focused time, rather than sweating how many days of week they are in,” said Brian Elliott, a Slack executive who oversees the Future Forum research. “Flexibility also improves a company’s culture, and every time I tell executives this, it surprises them.”

It’s not just mandatory facetime that is stressing workers. Companies have thrown so much technology at employees they may be getting overwhelmed. Large employers now use an average of 211 different apps, up from 195 last year, according to a separate survey from Okta Inc., a cloud software company that tracks app usage.

A recent study,  highlighted in Harvard Business Review, of 20 teams across three big employers found that workers toggled between different apps and websites 1,200 times each day, leading to a “toggling tax” that can cost workers time, productivity and peace of mind. 

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