Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Ross D. Franklin / AP

In a swipe at the much-ballyhooed "gig economy," Americans say they care less about how much they earn than that their salary is predictable. And, while they want to enjoy what they do, Americans mostly aren't fixated on their job's importance, per a new study by Bloomberg and New America, a Washington-based think tank.

One quick thing: Uncertainty was a thread running through focus groups held as part of the study. "There was a palpable feeling of hopelessness throughout all our focus groups — and especially a lack of control over schedule," the study said.

Why it matters: Americans are not fretting over the largest long-term threats of the dual age of automation and Amazonization, which are wiping out manufacturing and retail employment. Instead, most worry about earning a predictable income — something that is unlikely if they are making ends meet by working at more than one job.

The results dovetail with the results of the 2016 presidential election, which seemed to turn on broad unease with the fast-changing economy and culture. "I was most surprised that automation or job loss may not be the questions most important to know the answer to," said Roy Bahat, head of Bloomberg Beta, the venture capital firm, who co-led the study.

More takeaways:

  • Income was a key factor in attitudes: Americans earning $150,000 a year or more want to work at "things I feel are important." Those earning less prioritize "earning as stable and secure an income as possible."
  • The emphasis on stability is understandable: 53% said their incomes vary at different times of the month, and about 25% said it varies by the week.
  • Even more reason for the results: fully 81% said they would be unable to cope with an unexpected expense of $1,000 or more; 48% said they couldn't manage an unexpected expense of $100; 28% said a $10 expense would be too much.

Go deeper

Updated 51 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. State of play: New coronavirus cases down, but more bad news ahead.
  2. Politics: Biden set to immediately ramp up federal pandemic response with 10 executive actions — Scoop: Joe Biden's COVID-19 bubble.
  3. World: Biden will order U.S. to rejoin World Health OrganizationBiden to bring U.S. into global COVAX initiative for equitable vaccine access.
  4. Vaccine: Amazon offers to help Biden administration with COVID vaccine efforts.
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.

Mike Allen, author of AM
3 hours ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!