𝗠𝗼𝗿𝗲 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻𝘀 𝗮𝗿𝗲 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝗽𝗮𝗿𝘁-𝘁𝗶𝗺𝗲 𝗯𝘆 𝗰𝗵𝗼𝗶𝗰𝗲
I came across this fascinating article from the team at Morning Brew about a recent study that showed 1.2 million Americans joined the part-time workforce in December and January.
Over a million Americans joined the part-time workforce in December and January—and most of them chose the temporary grind over a full-time hustle, according to Labor Department data analyzed by the WSJ.
Key word: chose. As of last month, over 22 million part-timers were working fewer than 35 hours per week voluntarily, compared to just 4 million that wanted full-time hours and couldn’t get them. That nearly six-to-one ratio is the highest it’s been in two decades, per the WSJ.
Why the downshift?
Early in the pandemic, the number of Americans doing part-time work “for economic reasons,” as the Labor Department classifies it, spiked as layoffs rocked the economy, peaking in April 2020. But after that, the vibe shifted: More people started choosing to work part-time “for noneconomic reasons,” such as caregiving and personal health.
And there may be more 9-to-5ers waiting for the chance to clear their G Cals. “A lot of people want to work part-time, but the options aren’t really there,” Ernie Park, who left his full-time tech job to take an hourly gig and start a family farm, told the WSJ. “For companies that get on this, they can scoop up some really great talent.”
- Work-life balance: Many people are looking for a better balance between their work and personal lives. Part-time work can provide them with more time for family, hobbies, and other activities.
- Flexibility: Part-time work offers more flexibility in scheduling and allows individuals to adjust their work hours to fit their personal needs.
- Career change: Some people choose to work part-time while they make a transition to a new career or field.
- Retirement: Many older Americans are choosing to work part-time as they approach retirement age, allowing them to ease into retirement while still earning an income.
- Health reasons: Some individuals may need to work part-time due to health issues or disabilities that make it difficult to work full-time.
Overall, working part-time can provide a range of benefits for individuals who value work-life balance, flexibility, or are seeking to transition to a new career or phase of life.
Check out the article here: https://www.morningbrew.com/daily/stories/2023/02/27/more-americans-working-part-time
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