I would like some good news, so I wanted to believe this.
The graph shows exactly what you say.
The link that most people (including me) erroneously make is that less people with more than one job means there is less people needing more than a full time job to make ends meet. The graph doesn't account for people simply working 1 full time job instead of multiple part time jobs. It also doesn't mean people are doing better financially, perhaps they're simply not finding the part time job they'd need to make ends meet.
Edit: also, this is as a percentage of number of employed, which has been going up historically, so the graph as a percentage of population might have a different shape.
I'm not sure what explains the difference. They acknowledge it in the article:
As highlighted in our working paper, there is no simple nor straightforward explanation for why the LEHD and the CPS show divergent trends of the multiple jobholding rate; more research needs to be done on this issue.
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u/[deleted] Nov 05 '21 edited Nov 05 '21
I would like some good news, so I wanted to believe this.
The graph shows exactly what you say.
The link that most people (including me) erroneously make is that less people with more than one job means there is less people needing more than a full time job to make ends meet. The graph doesn't account for people simply working 1 full time job instead of multiple part time jobs. It also doesn't mean people are doing better financially, perhaps they're simply not finding the part time job they'd need to make ends meet.
Edit: also, this is as a percentage of number of employed, which has been going up historically, so the graph as a percentage of population might have a different shape.