Page one econ: The Trade-Off Between Fun and Wages Is Real

According to the US Bureau of Labor Statistics, how many hours per week did a US worker spend at work in 2022?

• 20 hours

• 34 hours

• 40 hours

• 50 hours

What are tangible benefits of a job?

• Salary and wages

• Health care plan and retirement plan

• Flexible working hours

• Interesting and rewarding work

What are intangible benefits of a job?

• High salary

• Paid vacation

• Flexible working options

• Employer-specific software

What percentage of employees would consider taking a new job if it offered the same pay but allowed remote work for two or three days per week?

• 10%

• 25%

• 56%

• 80%

What is an important factor to consider when choosing a job?

• High salary

• Interesting and rewarding work

• Flexible working options

• Long-term career success

Which job characteristic is negotiable when applying for a job?

• Salary

• Health care plan

• Vacation days

• Retirement plan

What did a study from 2017 predict about the susceptibility of jobs to automation?

• All jobs will be automated

• 47% of jobs are susceptible to automation

• Only low-skilled jobs will be automated

• Automation will not affect jobs

What is an example of a job with better long-term career prospects?

• A job focused on project management skills

• A job focused on employer-specific software

• A job with high salary

• A job with flexible working options

What should be considered when evaluating a job or career?

• Tangible and intangible benefits

• Salary and wages only

• Flexible working options only

• Long-term career success only

What is the trade-off between wages and more-interesting work?

• Higher wages mean more interesting work

• Lower wages mean more interesting work

• Wages and interesting work are unrelated

• There is no trade-off between wages and interesting work