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Total hours worked in the US has DOUBLED since then. https://fred.stlouisfed.org/series/B4701C0A222NBEA https://fred.stlouisfed.org/series/B4701C0A222NBEA And
by clutchdude 5y ago
Total hours worked in the US has DOUBLED since then.
https://fred.stlouisfed.org/series/B4701C0A222NBEA https://fred.stlouisfed.org/series/B4701C0A222NBEA
And more work is done part-time(usually by those are unable to work full time jobs)
https://alfred.stlouisfed.org/series?seid=B4701C0A222NBEA&utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=alfred https://alfred.stlouisfed.org/series?seid=B4701C0A222NBEA&ut...
- jdminhbg 5y ago> Total hours worked in the US has DOUBLED since then. That chart is not adjusted for population.
- clutchdude 5y agohttps://fred.stlouisfed.org/series/LFWA64TTUSM647S https://fred.stlouisfed.org/series/LFWA64TTUSM647S Working population since 1977 We have have roughly 50% working age population(136mil vs 205mil) https://fred.stlouisfed.org/series/B4701C0A222NBEA https://fred.stlouisfed.org/series/B4701C0A222NBEA Hours worked is 65% more since 1977(155 257) Or, we're working 15% more per eligible person.
- barry-cotter 5y agoTotal hours worked by people who are being paid. If you’re working on a farm but you’re a farmer’s wife you’re not being paid. Female liberation resulted in a very large increase in the labor force, a much less drastic rise in hours worked than in paid labor hours.
- clutchdude 5y agoSadly, I don't have any data to refute that: https://www.stlouisfed.org/open-vault/2019/july/nonfarm-payrolls-why-farmers-not-included https://www.stlouisfed.org/open-vault/2019/july/nonfarm-payr.... That said, I doubt it's enough to offset the growth in population among workers. https://fred.stlouisfed.org/series/LFWA64TTUSM647S https://fred.stlouisfed.org/series/LFWA64TTUSM647S
- edmcnulty101 5y agothanks for the follow-up. I've been scratching my head since orange_joes post because it didn't make sense from what I've been seeing.