☕ The Great Gloom

Why are workers so unhappy? September 08, 2023 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( PRESENTED BY [Masterworks]( Good morning. As unproductive as you may feel this Friday, your lack of effort is nothing compared to the slackers aiming to become Montenegro’s “Laziest Citizen.” The seven remaining competitors in the contest have been lying flat for 20 straight days and counting—merely sitting up will result in immediate disqualification (they do get a 10-minute bathroom break every eight hours). Montenegro began the competition 12 years ago to poke fun at the myth that its citizens are lazy. And if this kind of event doesn’t make sense to you, it’s kind of like if the US were to hold a contest for how many hot dogs a person can eat—oh wait. —Matty Merritt, Cassandra Cassidy, Molly Liebergall, Adam Epstein (welcome to the squad!), Neal Freyman MARKETS Nasdaq 13,748.83 -0.89% S&P 4,451.14 -0.32% Dow 34,500.73 +0.17% 10-Year 4.234% -1.4 bps Bitcoin $26,317.36 +2.21% Apple $177.56 -2.92% *Stock data as of market close, cryptocurrency data as of 9:00am ET. [Here's what these numbers mean.]( - Markets: The Nasdaq fell for the [fourth-straight session]( as Apple stock—its biggest component—comes under major pressure. Apple has lost ~$200 billion in market value over the past two days since Bloomberg reported the Chinese government was going to [widen its ban]( on using iPhones. Any threat to Apple’s business in China is going to worry investors—it’s the company’s biggest international market and a production hub.  WORK [The vibes are off in the conference room]( [Workers on train platform during commute.]( NurPhoto/Getty Images US employees aren’t doing so hot; in fact, they are the [unhappiest]( they’ve been since the start of 2020, according to a new report from HR software company BambooHR. The finding joins a growing list of recent surveys that show workers feel unmotivated by and disengaged with their 9-to-5. We don’t know how many times the average employee rolled their eyes during their daily stand-up, but we do have other striking data points that reflect growing worker dissatisfaction: - Of the 57,000 workers across 1,600 companies polled by BambooHR, employee sentiment dropped 10x faster since January 2023 than in the previous three years. - Another gauge of worker motivation from the ADP Research Institute hit its [lowest level]( in August since June of last year. Why are workers so bummed? BambooHR’s report points to lingering health and economic impacts of Covid, layoffs, and return-to-office mandates. Employees in the tech industry, where RTO mandates have been on the rise, recorded the sharpest decline in happiness over the past three years (-145%). And many are deciding they’d rather quit than commute. - When Grindr, the dating app, told all 178 employees to return to the office at least two days a week last month…roughly [45%]( resigned. - A Deloitte report from August found that 66% of remote workers would quit their jobs if they had to go back into the office five days a week. How to be happy right now: Build some houses. BambooHR found high demand, rising wages, and getting to witness the resplendent view from atop a giant hanging beam made construction the happiest US industry in the first half of the year. Meanwhile, education and healthcare posted record-low levels of happiness.—MM   PRESENTED BY MASTERWORKS [How to beat billionaires at their own game]( [Masterworks]( Incredibly valuable blue-chip art isn’t just for hanging on the walls of a $500m yacht anchored in the Adriatic. Nope, not anymore. Masterworks is taking on the billionaires at their own game, buying up paintings by world-class artists like [Banksy and Picasso]( and securitizing them for its investors. When Masterworks sells a painting, like the 16 it’s already sold, investors reap their portion of the net proceeds. Its investors have already realized annualized net returns of [17.8%, 21.5%, 35%]( and more. With over 800k users, offerings can sell out in minutes, but Morning Brew readers can [skip the waitlist to join with this exclusive link](. WORLD [Tour de headlines](#) [Coco Gauff]Tim Clayton/Corbis via Getty Images Coco Gauff shrugs off protests, reaches her first US Open final. The 19-year-old American tennis superstar is [one win away]( from her first Grand Slam victory after defeating Karolina Muchova at Flushing Meadows last night. Their match was interrupted for 50 minutes when four climate protesters started yelling from their seats, and one of them glued his feet to the ground. “If that’s what they felt they needed to do to get their voices heard, I can’t really get upset at it,” Gauff said. She’ll face Aryna Sabalenka of Belarus in the final tomorrow. An American is currently trapped deep inside a cave in Turkey. A massive international operation is underway to rescue Mark Dickey, a researcher trapped 3,675 feet underground in Morca Cave after he started suffering gastrointestinal bleeding while [co-leading an expedition]( to map the complex cave network. Dickey is an experienced cave rescuer himself, which would be useful if he weren’t a 15-hour journey away from the surface and nearly incapacitated. After rescuers from Hungary reached his location to perform emergency [blood transfusions]( Dickey was well enough to send a video message to us surface dwellers, saying he had been “very close to the edge.” Jimmy Fallon accused of creating toxic workplace. Fourteen former and two current Tonight Show staffers complained to Rolling Stone about the publicly affable late-night host’s “[erratic]( behavior, which has allegedly included humiliating and belittling employees. Some staffers speculated that the alleged mistreatment stemmed from Fallon’s alcohol use. A source told Page Six, however, that the work environment at The Tonight Show improved drastically when showrunner Chris Miller was hired last year. After Rolling Stone published its article, Fallon reportedly apologized to his staff during an all-hands Zoom meeting. TECH [Musk zapped internet ahead of Ukraine attack]( [Photo of Elon Musk]( Chesnot/Getty Images Though it likely won’t attract a line outside your local Barnes & Noble like Harry Potter and the Deathly Hallows did, Walter Isaacson’s upcoming biography of Elon Musk, which will be released next week, is already causing a stir thanks to an [excerpt]( obtained by CNN. According to Isaacson, last year Musk secretly ordered his engineers to turn off Starlink satellites near Crimea as Ukrainian submarines approached the Russian naval fleet for a sneak attack. Ukraine, which relies on Starlink for communication, was forced to abandon the operation. Why’d he do it? Musk reportedly turned off Starlink due to discomfort with the idea that his internet-beaming satellite network was enabling a Ukraine offensive, which he believed could lead to a larger conflict involving nuclear weapons. He asked Isaacson, “How am I in this war?” And said, “Starlink was not meant to be involved in wars.” But it has been very involved in the Ukraine war. Musk sent Starlink satellite dishes to the frontlines following Russia’s 2022 invasion of Ukraine and the subsequent wipeout of the internet in parts of the country. These dishes became instrumental to Ukraine’s communications infrastructure…until, for that crucial period, they weren’t. Big picture: While Starlink is still operating in Ukraine, Musk’s power grip—and ability to single-handedly impact the course of the war—is a major concern for top US government leaders. Many said they treat Musk like an “unelected official,” according to [The New Yorker](   TOGETHER WITH TIMELINE NUTRITION [Timeline Nutrition]( Scientists discover a new way to fight aging. By your 30s, your ability to create cellular energy starts to naturally decline. Fortunately, Timeline Nutrition’s got a [remarkable anti-aging molecule]( for you: Mitopure. This postbiotic is a game changer for healthy aging, increasing strength and endurance. See for yourself: [Snag a free 3-day starter kit with code MORNINGBREW]( while supplies last. MUSIC [That AI Drake song could win a Grammy]( [Grammy Award, Drake and the Weeknd]( Illustration: Francis Scialabba, Photos: Getty Images Let’s be real—it probably won’t. But “Heart on My Sleeve,” featuring AI-generated vocals made to sound like Drake and the Weeknd, is now under [Grammys consideration]( after being officially submitted for best rap song and song of the year. There may be no better sign that mainstream music is entering its AI era. Earlier this year, the song—released by an anonymous producer who goes by Ghostwriter—[went viral]( for how well it mimics the two music stars’ voices with AI. The Recording Academy read the room and [updated its Grammys guidelines]( to allow songs with AI elements to be considered for awards, though the governing body still requires submissions to have a significant human contribution. - Recording Academy CEO Harvey Mason Jr. said “Heart on My Sleeve” is “absolutely eligible” for February’s Grammys because its lyrics are human-penned. - The catch: Nominated songs must be commercially available in stores, online, or via streaming services, so the AI track could be disqualified for lack of retail distribution. The music renAIssance: This week, Ghostwriter dropped another AI single called “Whiplash” that imitates rappers Travis Scott and 21 Savage. Alongside its noncommercial release on TikTok and X, Ghostwriter issued a [call to action]( to the real Travis Scott and 21 Savage—and any other interested artists—to license their voices in exchange for royalties. Looking at you, [Grimes](   GRAB BAG [Key performance indicators](#) [Saquon Barkley]David Berding/Getty Images Stat: NFL running backs just wanna be appreciated. Total pay for the once-marquee position has [increased just 11%]( since 2011, compared with at least 90% for every other offensive position, the New York Times reported. And not a single running back ranks in the league’s 100 highest-paid players—a stark contrast to the late ’90s when star runners like Barry Sanders filled their wallets as much as the stat sheets. The Great RB Market Crash is mostly a result of the NFL evolving into a pass-first league, and team executives now consider the position as replaceable as your childhood goldfish. Bengals QB Joe Burrow, meanwhile, just got a [$275 million extension]( that makes him the highest-paid player in NFL history, per ESPN. Quote: “We’re here to discuss the petition. I love cream cakes. They’re my favorite.” Ryanair CEO Michael O’Leary took a brief pause from [delivering a petition]( to the European Commission in Brussels to lick the cake off his face after climate activists did their best Steve Aoki impression and launched a soy-based cream cake at the airline executive. O’Leary was in Brussels to lobby officials to protect flights moving through French airspace from recent air-traffic controller strikes. Read: “A plague on the industry”: book publishing’s broken blurb system. ([Esquire]( QUIZ [It’s quiz o’clock somewhere]( [New Friday quiz image]( The feeling of getting a 5/5 on the Brew’s Weekly News Quiz has been compared to telling anyone you see you’re sore after working out. It’s that satisfying. [Ace the quiz](. NEWS [What else is brewing](#) - [Danny Masterson]( of That ’70s Show was sentenced to 30 years to life in prison for raping two women more than 20 years ago. - [Democrat Anna Gomez]( was confirmed as a commissioner of the Federal Communications Commission, ending a yearslong Senate standoff and giving Dems a 3–2 majority in leading the agency. - [The United Auto Workers]( union rejected a contract proposal from General Motors that would offer a 16% pay raise for top earners. Next week, the current contract will expire, and the UAW has threatened to strike when it does. - [Legal abortions]( rose in most US states in the first six months of this year compared to 2020, per the NYT. - [Roku]( is laying off 10% of its workforce to reduce costs. - [Bruce Springsteen]( is postponing his September concerts while he undergoes treatment for peptic ulcer disease. RECS [Friday to-do list] Read: The [13 books]( on the longlist for the Baillie Gifford Prize for Nonfiction. Dine and snap: The [most photographed restaurants of 2023]( according to Yelp. Watch: Why are there [so many Korean restaurants]( in the US? Travel: The [50 best hotels]( in the Caribbean. Let’s e-ride: Browse Upway’s impressive, top-quality selection of e-bikes at up to [60% off retail prices](. Use [code MORNING for $100 off]( your first purchase.* $urvey: Take a minute to fill out our brand survey and you’ll be entered into a raffle for a chance to win a $250 AmEx gift card. [Get started]( *A message from our sponsor. GAMES [The puzzle section](#) Jigsaw: Your task is to complete today’s jigsaw puzzle without getting a tomato stain. It won’t be easy—[play it here](. Friday puzzle Below are pictures of 16 items. Your task is to divide them into four groups of four that share a common link. Good luck! (Also, we’re considering turning this type of visual puzzle into a weekly feature on our website. If you enjoy playing it, please [click this link]( [Grid for visual connections ] SHARE THE BREW [Share Morning Brew]( with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag. We’re saying we’ll give you free stuff and more friends if you share a link. One link. Your referral count: 0 [Click to Share]( Or copy & paste your referral link to others: [morningbrew.com/daily/r/?kid=4904f90a]( ANSWER Things that are strung: bow & arrow, guitar, kite, tennis racket Things that can come after “snow”: globe, leopard, pea, tire Things that sound like a letter of the alphabet: bee, queue, sea, tea Things that are natural spheres: blueberry, frozen water bubble, moon, pearl Word of the Day Today’s Word of the Day is: resplendent, meaning “attractive and impressive through being richly colorful or sumptuous.” Thanks to Lyle from Lake Havasu City for the resplendent suggestion. [Submit another Word of the Day here](. ✢ A Note From Masterworks See important disclosures at [masterworks.com/cd]( Written by [Neal Freyman]( [Matty Merritt]( [Cassandra Cassidy]( [Molly Liebergall]( and [Adam Epstein]( Was this email forwarded to you? Sign up [here](. Interested in podcasts? - Check out ours [here]( [ADVERTISE]( // [CAREERS]( // [SHOP]( // [FAQ]( Update your email preferences or unsubscribe [here](. Please Note: We've recently updated our Privacy Policy. View our privacy policy [here](. Copyright © 2023 Morning Brew. All rights reserved. 22 W 19th St, 4th Floor, New York, NY 10011