Why Is Everyone So Unhappy at Work Right Now?
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,730,998 (-1.35%)       Melbourne $1,052,750 (-0.63%)       Brisbane $1,213,162 (-0.55%)       Adelaide $1,088,669 (-1.01%)       Perth $1,109,065 (-0.03%)       Hobart $857,011 (-0.15%)       Darwin $850,231 (-5.88%)       Canberra $1,057,418 (+2.13%)       National Capitals $1,179,457 (-0.85%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $812,882 (-0.02%)       Melbourne $547,522 (-0.39%)       Brisbane $775,633 (-1.81%)       Adelaide $583,866 (+1.25%)       Perth $661,533 (-0.91%)       Hobart $583,528 (+2.34%)       Darwin $488,291 (-0.29%)       Canberra $502,282 (+1.20%)       National Capitals $640,074 (-0.20%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 14,388 (-149)       Melbourne 16,400 (-697)       Brisbane 9,524 (+147)       Adelaide 2,995 (+70)       Perth 7,340 (+170)       Hobart 758 (-2)       Darwin 142 (+4)       Canberra 1,228 (-5)       National Capitals 52,775 (-462)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,737 (+19)       Melbourne 6,931 (-54)       Brisbane 1,794 (+10)       Adelaide 449 (+21)       Perth 1,390 (+12)       Hobart 145 (-6)       Darwin 212 (+3)       Canberra 1,245 (+31)       National Capitals 21,903 (+36)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $870 ($0)       Melbourne $610 (+$10)       Brisbane $700 ($0)       Adelaide $650 ($0)       Perth $750 ($0)       Hobart $625 ($0)       Darwin $875 (+$25)       Canberra $730 (-$20)       National Capitals $739 (+$3)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $815 (-$5)       Melbourne $630 ($0)       Brisbane $680 ($0)       Adelaide $555 (-$5)       Perth $700 ($0)       Hobart $545 (+$45)       Darwin $655 (+$5)       Canberra $600 ($0)       National Capitals $658 (+$3)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 6,162 (+59)       Melbourne 7,192 (+17)       Brisbane 3,645 (-54)       Adelaide 1,428 (+38)       Perth 2,339 (-34)       Hobart 280 (+15)       Darwin 38 (-7)       Canberra 456 (+28)       National Capitals 21,540 (+62)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 9,135 (+92)       Melbourne 5,909 (+25)       Brisbane 1,996 (+38)       Adelaide 446 (-20)       Perth 714 (-5)       Hobart 70 (+3)       Darwin 78 (+8)       Canberra 695 (-26)       National Capitals 19,043 (+115)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.61% (↑)      Melbourne 3.01% (↑)      Brisbane 3.00% (↑)      Adelaide 3.10% (↑)      Perth 3.52% (↑)      Hobart 3.79% (↑)      Darwin 5.35% (↑)        Canberra 3.59% (↓)     National Capitals 3.26% (↑)             UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.21% (↓)     Melbourne 5.98% (↑)      Brisbane 4.56% (↑)        Adelaide 4.94% (↓)     Perth 5.50% (↑)      Hobart 4.86% (↑)      Darwin 6.98% (↑)        Canberra 6.21% (↓)     National Capitals 5.34% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 1.5% (↑)      Brisbane 1.2% (↑)      Adelaide 1.2% (↑)      Perth 1.0% (↑)        Hobart 0.5% (↓)       Darwin 0.7% (↓)     Canberra 1.6% (↑)      National Capitals $1.1% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 2.4% (↑)      Brisbane 1.5% (↑)      Adelaide 0.8% (↑)      Perth 0.9% (↑)      Hobart 1.2% (↑)        Darwin 1.4% (↓)     Canberra 2.7% (↑)      National Capitals $1.5% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 32.7 (↑)      Melbourne 32.4 (↑)        Brisbane 33.3 (↓)     Adelaide 27.4 (↑)        Perth 37.9 (↓)       Hobart 27.4 (↓)     Darwin 27.7 (↑)      Canberra 29.7 (↑)      National Capitals 31.1 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND         Sydney 30.5 (↓)     Melbourne 29.9 (↑)      Brisbane 33.2 (↑)        Adelaide 21.3 (↓)       Perth 38.5 (↓)     Hobart 31.1 (↑)        Darwin 38.7 (↓)       Canberra 38.0 (↓)       National Capitals 32.6 (↓)           
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Why Is Everyone So Unhappy at Work Right Now?

U.S. employees are more dissatisfied than they were in the thick of the pandemic

By VANESSA FUHRMANS
Wed, Nov 29, 2023 8:34amGrey Clock 5 min

Americans, by many measures, are unhappier at work than they have been in years.

Despite wage increases, more paid time off and greater control over where they work, the number of U.S. workers who say they are angry, stressed and disengaged is climbing, according to Gallup’s 2023 workplace report. Meanwhile, a BambooHR analysis of data from more than 57,000 workers shows job-satisfaction scores have fallen to their lowest point since early 2020, after a 10% drop this year alone.

In interviews with workers around the country, it is clear the unhappiness is part of a rethinking of work life that began in 2020. The sources of workers’ discontent range from inflation, which is erasing much of recent pay gains, to the still-unsettled nature of the workday. People chafe against being micromanaged back to offices, yet they also find isolating aspects of hybrid and remote work. A cooling job market—especially in white-collar roles—is leaving many professionals feeling stuck.

Companies have largely moved on from pandemic operating mode, cutting costs and renewing a focus on productivity. The disconnect with workers has managers frustrated, and no quick fix seems to be at hand. Those in charge said they have given staff more money, flexibility and support, only to come up short.

The experiences of workers like Lindsey Leesmann suggest how expectations have shifted from just a few years ago. Leesmann, 38 years old, said she soured on a philanthropy job after having to return to the office two days a week earlier this year.

Prepandemic, she would have been happy working three days a week at home. “It would have been a dream come true.” Still, her team’s in-office requirements seemed like going backward, and made her feel that her professionalism and work quality were in doubt. Instead of collaborating more, she and others rarely left their desks, except for meetings or lunch, she said. Negative feelings followed her home on her hourlong commute, leaving her short-tempered with her kids.

“You try to keep work and home separate, but that sort of stuff is just impacting your mental health so much,” said Leesmann, who recently moved to a new job that requires five in-office days a month.

No more honeymoon

The discontent has business leaders struggling for answers, said Stephan Scholl, chief executive of Alight Solutions, a technology company focused on benefits and payroll administration. Many of the Fortune 100 companies on Alight’s client list boosted spending on employee benefits such as mental health, child care and well-being bonuses by 20% over the pandemic years.

“All that extra spend has not translated into happier employees,” Scholl said. In an Alight survey of 2,000 U.S. employees this year, 34% said they often dread starting their workday—an 11-percentage-point rise since 2020. Corporate clients have told him mental-health claims and costs from employee turnover are rising.

One factor is the share of workers who are relatively new to their roles after record levels of job-switching, said Benjamin Granger, chief workplace psychologist at software company Qualtrics. Many employers have focused more on hiring than situating new employees well, leaving many newbies feeling adrift. In other cases, workers discovered shiny-seeming new jobs weren’t a great fit.

The upshot is that the newest workers are among the least satisfied, Qualtrics data show—a reversal of the higher levels of enthusiasm that fresh hires typically voice. In its study of nearly 37,000 workers published last month, people less than six months into a job reported lower levels of engagement, feelings of inclusion and intent to stay than longer-tenured workers. They also scored lower on those metrics than new workers in 2022, suggesting the pay raises that lured many people to new jobs might not be as satisfying as they were a year or two ago.

“What happened to that honeymoon phase?” Granger said.

John Shurr, a 66-year-old former manufacturing engineer, took a job as an inventory manager at a heavy-equipment retailer in the spring in Missoula, Mont., after being laid off during the pandemic.

“It was a nice job title on a pretty rotten job,” said Shurr, who learned soon after starting that his duties would also include sales to walk-in customers.

When Shurr broached the subject, his boss asked him to give it a chance and said he was really needed on the showroom floor. Shurr, who describes himself as more of a computer guy, quit about a month later.

“I feel kind of trapped at the moment,” said Shurr, who has since taken a part-time job as a parts manager as he tries to find full-time work.

Bridging the distance

Long-distance relationships between bosses and staff might also be an issue. Nearly a third of workers at large firms don’t work in the same metro area as their managers, up from about 23% in February 2020, according to data from payroll provider ADP.

Distance has weakened ties among co-workers and heightened conflict, said Moshe Cohen, a mediator and negotiation coach who teaches conflict resolution at Boston University’s Questrom School of Business. He has noticed more employees calling co-workers or bosses toxic or impossible, signs that trust is thin.

Cohen’s corporate clients said their employees are increasingly transactional with one another. Some are coaching workers in the finer points of dialogue, such as saying hello first before jumping into the substance of a conversation.

“The idea of slowing down, taking the time, being genuine, trying to actually establish some sort of connection with the other person—that’s really missing,” Cohen said.

One Los Angeles-based consultant in his 20s, who asked to remain anonymous because he is seeking another job, said that when he started his job at a large company last year, his largely remote colleagues were focused on their own work, unwilling to show a new hire the ropes or invite him for coffee. Many leave cameras off for video calls and few people show up at the office, making it hard to build relationships.

“There’s zero humanity,” he said, noting that he is seeking another job with a strong office culture.

The share of U.S. companies mandating office attendance five days a week has fallen this year—to 38% in October from 49% at the start of the year—according to Scoop Technologies, a software firm that developed an index to monitor workplace policies of nearly 4,500 companies.

Some companies have reversed flexible remote-work policies—in large part, they said, to boost employee engagement and productivity—only to face worker backlash.

Not all the data point downward. A Conference Board survey in November 2022 of U.S. adults showed workers were more satisfied with their jobs than they had been in years. Key contingents among the happiest employees: people who voluntarily switched roles during the pandemic and those working a mix of in-person and remote days. But that poll was taken before a spate of layoffs at high-profile companies and big declines in the number of knowledge-worker and professional jobs advertised.

At Farmers Group, workers posted thousands of mostly negative comments on the insurer’s internal social-media platform after its new CEO nixed the company’s previous policy allowing most workers to be remote.

Employees like Kandy Mimande said they felt betrayed. “We couldn’t get the ‘why,’” said the 43-year-old, who had sold her car and spent thousands of dollars to redo her home office under the remote-work policy. She shelled out $10,000 for a used car for the commute. A company spokesperson said that not all employees will support every business decision and that Farmers hasn’t seen a significant impact on staff retention.

During a brief leave, Mimande realised she no longer felt a sense of purpose from her product-management job. She resigned last month after she and her wife decided they could live on one salary.

She now helps promote a band and pet-sits. “It’s so much easier for me to report to myself,” she said.



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$3.6 Million an Hour—and Other Ways to Measure Elon Musk’s Fortune

Millions of houses, thousands of jets, every NFL and NBA team—imagine the things a trillionaire could buy.

By THEO FRANCIS, JULIET CHUNG & MAX RUST
Mon, Jun 29, 2026 3 min

The initial public offering for SpaceX could make Elon Musk the world’s first trillionaire. Just how wealthy is the tech founder?

His fortune now stands at roughly $970 billion, mostly in stock, according to a Wall Street Journal analysis.

Accumulating that amount over his career averages out to $992 a second.

Musk’s wealth includes $538 billion for his pre-IPO stake in SpaceX, $167 billion for his stake in Tesla , and another $150 billion or so for stock options in those companies he could exercise just about any time, the Journal analysis found.

Then there is $5 billion apiece for The Boring Company, which drills tunnels, and Neuralink, the brain-implant firm he founded, and $104 billion in property, aircraft and other investments and assets as estimated by Altrata, a wealth-intelligence firm

He has made about $3.6 million an hour over 31 years

Musk is 54 years old and co-founded the first of his many U.S. tech- and engineering-oriented companies in 1995, 31 years ago. To amass $970 billion in that time meant accumulating roughly:

An American household earning the median U.S. income ($83,730 in 2024) would have to work more than 11 million years to make his wealth.

To be sure, the success of Tesla and SpaceX also has made billions of dollars for investors who bet on Musk and made millionaires of employees who got shares in the businesses.

Ingrid Robeyns, a philosopher and economist, has written that the wealth of the world’s richest has soared so much it is nearly incomprehensible for laypeople to grasp.

She recently estimated that Musk would make about $4.2 million an hour in his career, if he worked 70 hours a week without vacations until he is 75 years old.

Musk, of course, is known for sleeping on factory floors and rarely taking vacations. After buying Twitter, he has said, his work exploded to more than 120 hours a week from about 80 hours before.

Buy 2.4 million U.S. homes or 10,000 private jets

Most of Musk’s wealth is tied up in his companies. He famously said in 2020 that he would “own no house” and sold off several California properties, only to later buy homes in Texas.

Musk can borrow billions against his holdings in SpaceX and Tesla, but much of his wealth is on paper—not cash he can easily spend.

Here are some things a person with $970 billion could do with that amount of money:

$970 billion is bigger than the yearly output of most countries

Musk’s net worth eclipses the annual economic activity of more than 125 countries, including Norway, Thailand, Argentina and South Africa.

His self-made fortune, built on electric vehicles  rocket ships and artificial-intelligence ambitions  amounts to about 3% of U.S. gross domestic product today. On that basis, he easily surpasses John D. Rockefeller , the richest American who ever lived before Musk.

A century ago, Rockefeller rode the wave of industrialisation by building Standard Oil into a behemoth, wielding influence over railroads and pipelines. The monopoly was ultimately broken up by the federal government.

Rockefeller amassed a fortune of about $1.4 billion by 1937—roughly 1.5% of U.S. GDP at the time. Here is how that compares in terms of today’s economy:

This explanatory article may be periodically updated.

Sources: Altrata (Musk net worth excluding options; Bezos, Ellison and Zuckerberg net worth); Securities and Exchange Commission filings (Tesla and SpaceX stock options); Census via St. Louis Fed (2024 median U.S. annual household income, first-quarter 2026 median U.S. house sale price); Forbes (NFL and NBA team values); Liberty Jet (G700 operating costs); International Monetary Fund (2026 GDP by country); Harvard Business School case study (Rockefeller wealth) undefined Photos: Getty Images (Musk); Associated Press (Musk, Bezos, NBA, NFL); Reuters (Zuckerberg, Ellison); Bloomberg (homes, jet)

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