#083 - Multiple Job Holders 2

Let's Talk Economics!

Courtesy of Federal Reserve Bank of St. Louis: The number of American workers with a second job, mainly gig economy jobs, is growing amidst rampant inflation and a cooling job market.

It is difficult to sustain an economy with runaway Government Spending at a Trillion-Dollar level amid consistent economic crises every ten years.

Multiple job holders are working jobs to live paycheck to paycheck. 25% of the United States is stuck in debt, and 70% of the country is living paycheck to paycheck. America is now a Socialist country with the illusion of Capitalism; during the previous Administration, amidst Fascist control with the illusion of Marxism. Socialism is beneficial when the majority of the population is economically middle-class. Economic forces are pushing America toward Socialism, with a concentration among the working class, with no escape, which is modern-day slavery.

This is Un-American and unsustainable.

Data Source: Federal Reserve Economic Data

Let's take a look at the rising number of Americans with two jobs as a percentage of the total employed below:

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Quant Compass.