The Economic Perspective: “Job Flexibility”

This is Mary Walden with economist MW welcoming you to the economic perspective. Today’s program looks at job flexibility.  Mike, I recall when I looked for my first full time job, the main things I looked for were the schedule, pay, and benefits.  Now I understand young job hunters also want something else.  What is it?

  • Flexibility
  • Optimally they want the ability to choose their hours of work, take extended time off if needed, and frequently work from home
  • In some cases, young workers put these conditions about pay and benefits
  • Based on the viewpoint that time use is sometimes more valuable than money
  • Maybe surprising to some, many companies are complying with this requirement for flexibility among workers
  • One reason is that many jobs can be done remotely
  • Also, with the increase in retirement of baby boomers and the relatively small size of Gen Z – there’s a lack of workers in many occupations
  • So, a different labor market
  • I’m MW

Mary:  And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.