Wednesday, July 25, 2018

Does Everyone Have Two Jobs?

By Andy Puzder in The WSJ. Excerpts:
"But Bureau of Labor Statistics data show only a small minority of Americans work multiple jobs. That percentage has been around 5% of working Americans since 2010, though it was higher before then. Last month 7.6 million, or 4.9%, of the 155.5 million working Americans had multiple jobs.

Are people working “60, 70, 80 hours a week”? Rarely. But for a brief dip during the recession, private-sector employees have worked an average of 34.2 to 34.6 hours a week since BLS began tracking the data in 2006. The average stood at 34.5 hours in June.

BLS considers 35 hours a week “full time,” so working 70 or 80 hours would be equivalent to two full-time jobs. Only 360,000 people worked two full time jobs in June—0.2% of the workforce. There may well be people working 60 hours a week or more on one job—but if that were common, the overall average for hours worked would be well above 34.5."

"In June, wages increased 3.8% year over year for retail-sector employees. It was their highest percentage increase since 2001 using June as the base year. Wages in the hospitality-and-leisure sector, including restaurants, rose 3.3% year over year—on top of a 4.3% increase in 2017. In a fast-growing economy, the demand for labor increases, and more employers have to pay above the applicable minimum wages to get employees."

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