In an article published in The New York Times, on May 7, 2026, dealing with possible causes of the declining birthrate in the United States, the economist Claudia Goldin cited two factors: (1) the unpredictable shifts and low wages that have barely kept pace with the cost of living for less-skilled workers and (2) so-called “greedy jobs,” positions that demand far more of an employee than can be accomplished within “normal working hours.”
In fact, today most U.S. workers face three possibilities for work: no available jobs, jobs with wages/hours insufficient to pay the bills, or “greedy jobs.”
I’m more than a little acquainted with “greedy jobs,” since every political or consulting job I had for the eighteen years I worked in Washington, D.C., took far more time than nine to five and had requirements that went far beyond the job description.
Sometimes, financial circumstances also create “greedy jobs,” particularly the costs of higher education. A junior degreed professional – doctor, engineer, lawyer, dentist, and others – who leaves graduate school with a high level of student loans may well find his or her job barely able to provide a living wage after making student loan payments while another junior degreed professional whose family supported them through college and graduate school won’t have near the financial problems.
As for tenure track/tenured university professors, whether a position is “greedy” depends on the university and the field. At least at my wife’s university, the pay is higher in certain areas, such as business, and the hours are shorter. In the performing arts, especially in music, the pay is lower, the hours longer, and on average, music professors work six-day weeks. And to add to that, the administrative and paperwork requirements have effectively doubled over the past decade as a result of politically required documentation. As a result, many senior professors are retiring earlier, and taking lower retirement benefits, and they’re being replaced by much younger and fewer professors and more low-paid part-time adjuncts without benefits, especially health benefits, creating “greedier” full-time positions and more underpaid and insecure part-time positions.
But very few analysts – or politicians – seem to realize that current economic pressures are turning more, if not most, available jobs into either those that can’t pay the bills or barely do and those that are “greedy jobs.”
Is this really the future we want?