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The share of US workers who are “thriving” has fallen to a record low

The present and future appear less positive for many Americans.

Tom Jones
11/22/24 10:40AM

In January 2009, when the Great Recession had upended the everyday working lives of millions of Americans, Gallup started measuring the well-being of US employees with its Life Evaluation Index. Over 15 years later, the results look bleaker than ever.

T̶H̶R̶I̶V̶E̶ SURVIVE TILL 25

According to the latest reading, from August, the share of American workers “thriving” — those who when given a scale of 1 to 10 rate their life at a 7 or higher and their future situation at 8 or above — dropped to the lowest point on record, at just 50%. As recently as 2021, 60% said the same. 

Gallup employee wellbeing chart
Sherwood News

Other employee-wellness indicators that Gallup tracks, like the share of people who reported feeling stressed, worried, or sad for “a lot of the day” yesterday, also ticked up in August, though they are down from the rates seen during the pandemic.

Despite the current Life Evaluation Index reading showing that American employees are feeling more positive on average than workers around the world, just 34% of whom slipped into the “thriving” category in 2023, inflation and plenty of issues besides are clearly weighing heavy on the US populace.

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Uber is giving drone deliveries another go in a partnership with Flytrex

Ride-hail and delivery giant Uber on Thursday announced a new partnership with drone operator Flytrex to begin testing an autonomous delivery-by-air system by the end of the year.

As one of the few drone providers with Beyond Visual Line of Sight authorization from the FAA, Flytrex already partners with Walmart and DoorDash on similar programs. The company said it’s delivered more than 200,000 meals to suburban US households in the past three years.

This isn’t Uber’s first foray into drone deliveries. Under its then aviation arm Uber Elevate, the company tested the tech in a partnership with McDonald’s in 2019. Uber sold its aviation division to Joby Aviation in late 2020.

Uber shares didn’t move much on the announcement, up about 1% in premarket trading.

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Reddit bounces on report that it’s in talks with Google, OpenAI on fresh data-sharing deal

Reddit shares were down 5% in Wednesday trading before news that the company is in early talks to make its next AI content-sharing deals with Google and OpenAI sent them back up to roughly flat.

According to reporting by Bloomberg, Reddit is seeking a new data deal structure that includes dynamic pricing and would encourage the companies’ AI users to contribute to Reddit.

Reddit reportedly struck deals of $60 million per year with Google and OpenAI last year. The company scored $35 million in “other” revenue — which includes content licensing agreements — in its most recent quarter. That accounted for about 7% of the company’s overall revenue in the period.

“One of the things that we’ve learned, particularly through the data licensing deals is... how essential Reddit is to AI or LLMs as we know them and the next generation of search,” Reddit CEO Steve Huffman said on the company’s July earnings call. “And so I think a lot has changed over the last couple of years. Every variable has changed since we signed those first deals.”

Reddit reportedly struck deals of $60 million per year with Google and OpenAI last year. The company scored $35 million in “other” revenue — which includes content licensing agreements — in its most recent quarter. That accounted for about 7% of the company’s overall revenue in the period.

“One of the things that we’ve learned, particularly through the data licensing deals is... how essential Reddit is to AI or LLMs as we know them and the next generation of search,” Reddit CEO Steve Huffman said on the company’s July earnings call. “And so I think a lot has changed over the last couple of years. Every variable has changed since we signed those first deals.”

$100B

Alphabet’s YouTube said it’s paid out over $100 billion to creators, artists, and media companies over the past four years — cementing its place as one of the internet’s biggest talent magnets. The Google-owned platform, which turned 20 this year, credited connected TVs as a major driver of growth.

YouTube said the number of channels earning over $100,000 from TV screens has surged over 45% in the past year alone. Meanwhile, ad revenue for YouTube grew double digits in Q2 to $9.8 billion, topping the Street’s estimates.

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