From the Detroit News and Free Press
"A new survey conducted by Ford Motor Co. found that 52% of employed people globally would be willing to take a 20% pay cut for better work/life balance.
"It shocked us. I’ll be honest," said Jen Brace, chief futurist at Ford who coordinated the 2024 Trend Report and its findings. "A 20% pay cut is a big deal. I didn’t think we’d get the level of response in terms of number of people; 52% is huge. If you look generationally, and if you look in the U.S. in particular, you saw our younger generations being even more willing to give up money for a better quality of life."
In the U.S., the responses by age willing to take the 20% pay cut: Generation Z (born between 1997-2012) was 56%; millennials (born between 1981-96) was 60%; Gen X (born between 1965-80) was 43%; and baby boomers (born between 1946-64) was 33%.
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The survey — conducted via 16,086 online interviews in August and September with people 18 years and older in Australia, Brazil, Canada, China, France, Germany, India, Italy, Mexico, Saudi Arabia, South Africa, Spain, Thailand, United Arab Emirates, United Kingdom and the United States — also found that 77% of respondents prioritize a balanced life over advancement at work.
The latest findings show a significant value of time over money among groups of all ages, Ford said. This is the first year the study has presented a question about a potential pay cut in exchange for working less."
Unfortunately, HR found that people in 3rd world countries that can be taken advantage of will work twice and much for half as less.
https://www.msn.com/en-us/news/technology/new-trend-survey-shows-workers-willing-to-take-20-pay-cut-for-better-worklife-balance/ar-AA1mNOoL