When Dolly Parton spun her classic 9-to-5 into an ode to side hustles for Super Bowl commercials, it sparked controversy as to whether hustle culture is the new norm. But is this really a ‘whole new way to make a livin’? By looking at online profiles who list more than one concurrent position, we can track the rise and fall of hustle culture in the American economy:
Between 1990 and 2015, side hustles became increasingly prevalent. At the peak of hustle culture, 18% of workers had a secondary job. As conversations on work-life balance and mental health became more audible, this trend took a downward turn.
An important distinction to make in this context is between a secondary job necessary for a living wage, versus a passion project. Below are the companies with the highest shares of employees with side hustles, when their primary position earns above-median salaries:
And below are the companies with the highest shares of employees with side hustles, when their primary position earns below-median salaries.
Key Takeaways:
To learn more about the data behind this article and what Revelio Labs has to offer, visit https://www.reveliolabs.com/.
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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.