{"id":36042,"date":"2022-10-06T14:42:25","date_gmt":"2022-10-06T14:42:25","guid":{"rendered":"http:\/\/www.brandon.ddtest.info\/multisite-test\/holding-multiple-full-time-jobs-is-the-new-hack-to-financial-independence\/"},"modified":"2022-10-06T14:42:25","modified_gmt":"2022-10-06T14:42:25","slug":"holding-multiple-full-time-jobs-is-the-new-hack-to-financial-independence","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/holding-multiple-full-time-jobs-is-the-new-hack-to-financial-independence\/","title":{"rendered":"Holding multiple full-time jobs is the new hack to financial independence"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<div class=\"teaser-content grid-center\">\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Working multiple jobs is nothing new. With minimum wage lagging far behind the cost of living in the United States, many workers make ends meet through a patchwork of full- and part-time jobs \u2014  some working freelance gigs that add up to more than 40 hours a week without the benefits of full-time employee status. According to the <a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t16.htm#cps_empsit_a13.f.4\" target=\"_blank\" rel=\"noopener\">Bureau of Labor Statistics<\/a>, in August nearly 7.5 million workers, or 4.7 percent of the overall workforce, were working more than one job. A <a href=\"https:\/\/www.pewresearch.org\/internet\/2021\/12\/08\/the-state-of-gig-work-in-2021\/\" target=\"_blank\" rel=\"noopener\">2021 report <\/a>from the Pew Research Center found nearly 60 percent relied on gig work to meet basic needs. And now <a href=\"https:\/\/www.cnbc.com\/2022\/09\/27\/nearly-70-percent-of-americans-are-looking-for-extra-work-to-combat-inflation.html\" target=\"_blank\" rel=\"noopener\">inflation <\/a>is driving those numbers of supplemental-job seekers even higher.<\/p>\n<\/div>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p><span class=\"font--article-body font-copy hide-for-print ma-0 pb-md db italic interstitial\"><a data-qa=\"interstitial-link\" href=\"https:\/\/www.washingtonpost.com\/business\/2022\/09\/28\/recession-seven-silver-lining-strategies\/?itid=lk_interstitial_manual_3\">Singletary: 7 ways a recession could be good for you financially<\/a><\/span><\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">But some workers have found a way to increase their income without increasing their overall hours through a practice they\u2019re calling overemployment. Instead of clocking out of one job and into another, overemployed workers perform multiple full-time jobs simultaneously from home, their employers usually none the wiser.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">I first heard about overemployment early in the coronavirus pandemic from a neighbor who knew of several software engineers holding two full-time jobs at once. More recently, Wired magazine reporter Fadeke Adegbuyi explored <a href=\"https:\/\/www.wired.com\/story\/overemployment-work\/\" target=\"_blank\" rel=\"noopener\">overemployment. <\/a>Thousands of users on <a href=\"https:\/\/www.reddit.com\/r\/overemployed\/\" target=\"_blank\" rel=\"noopener\">Reddit<\/a> and <a href=\"https:\/\/www.tiktok.com\/tag\/overemployed\" target=\"_blank\" rel=\"noopener\">TikTok<\/a>, as well as the site <a href=\"http:\/\/overemployed.com\/\" target=\"_blank\" rel=\"noopener\">overemployed.com<\/a>, swap strategies, warnings and success stories about their overemployment experiences.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">It\u2019s not hard to see the appeal. Having multiple employers allows workers to diversify their labor the way smart investors diversify stock holdings. If they lose one job through a layoff or reorganization, they have another paycheck to fall back on. They often can enroll in <a href=\"https:\/\/overemployed.com\/health-insurance-with-multiple-jobs\/\" target=\"_blank\" rel=\"noopener\">multiple health-care plans<\/a>, allowing them to coordinate benefits to keep medical costs down. And if done correctly, being overemployed doesn\u2019t mean being overworked. By accepting junior-level positions and efficiently arranging their hours, workers can keep their personal and professional obligations in balance.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">But there are challenges to overemployment. One of the biggest, to my mind, is the need for secrecy. While it\u2019s not generally against any law to hold multiple jobs, employers generally have the right to fire anyone they catch doing it. As employers develop more sophisticated means of <a href=\"https:\/\/www.washingtonpost.com\/technology\/2021\/09\/24\/remote-work-from-home-surveillance\/?itid=lk_inline_manual_10\" target=\"_blank\" rel=\"noopener\">tracking <\/a>remote workers\u2019 activity (\u201ctattleware\u201d that monitors mouse movement and captures screenshots), workers are coming up with more elaborate ways of escaping detection (<a href=\"https:\/\/www.cnbc.com\/2022\/09\/02\/how-to-use-a-mouse-jiggler-to-make-it-look-like-youre-working.html\" target=\"_blank\" rel=\"noopener\">mouse jigglers<\/a>, multiple devices, freezing employment and earnings data that can show up on <a href=\"https:\/\/overemployed.com\/how-does-background-check-work-for-multiple-employment\/\" target=\"_blank\" rel=\"noopener\">background checks<\/a>).<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Proponents of overemployment argue that they\u2019re simply turning the tables on years of exploitation and under-compensation.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p><span class=\"font--article-body font-copy hide-for-print ma-0 pb-md db italic interstitial\"><a data-qa=\"interstitial-link\" href=\"https:\/\/www.washingtonpost.com\/business\/2022\/04\/28\/great-resignation-no-regrets\/?itid=lk_interstitial_manual_12\">&#8216;Zero regrets.&#8217; Six months after quitting, these workers are thriving<\/a><\/span><\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Overemployment can also become a self-defeating cycle if workers lose sight of their <a href=\"https:\/\/overemployed.com\/7-tips-to-avoid-lifestyle-creep-when-making-600k\/\" target=\"_blank\" rel=\"noopener\">financial goals<\/a>. Extra disposable income can lead to lifestyle creep, and overemployed workers may find their extra income going to pay for services, takeout, and other needs they no longer have time or energy to tend to themselves.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">While overemployment, as Adegbuyi writes, feels like \u201cthe new cheat code to financial freedom\u201d for those who can successfully pull it off, the income gap between surviving and thriving is only widening for those without access to those kinds of jobs. That\u2019s not the fault of overemployed workers, of course \u2014 although I wonder how experienced workers squatting in junior-level jobs might be affecting opportunities for entry-level candidates.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Finally, the overemployment phenomenon, like other pandemic-enhanced work trends, stirs up questions about what employers and full-time employees owe each other. Are employers paying for exclusive rights to an employee\u2019s time and attention, or are they paying to have tasks completed regardless of when and where the work happens? If it\u2019s the latter, what distinguishes an employee in that position from a <a href=\"https:\/\/www.dol.gov\/agencies\/whd\/flsa\/misclassification\" target=\"_blank\" rel=\"noopener\">contractor<\/a>?<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Opponents of remote work will probably seize on overemployment as evidence that unsupervised workers can\u2019t be trusted. Some might argue that collecting 80 hours\u2019 worth of pay for work completed in 40 hours is greedy and unethical. But if an overemployed worker is completing all tasks on time to employers\u2019 satisfaction, what exactly is the problem?<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p><span class=\"font--article-body font-copy hide-for-print ma-0 pb-md db italic interstitial\"><a data-qa=\"interstitial-link\" href=\"https:\/\/www.washingtonpost.com\/business\/2022\/03\/24\/debunking-misconceptions-about-remote-work\/?itid=ap_karlal.miller&amp;itid=lk_interstitial_manual_19\">Five misconceptions about remote work, debunked<\/a><\/span><\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">As one <a href=\"https:\/\/www.reddit.com\/r\/overemployed\/comments\/xu48hl\/you_can_only_work_multiple_jobs_if_theyre_shitty\/?utm_source=share&amp;utm_medium=web2x&amp;context=3\" target=\"_blank\" rel=\"noopener\">Reddit user <\/a>notes, it\u2019s long been accepted for people to work for two or three low-paying jobs or gigs just to scrape by \u2014 \u201cBut as soon as we talk about getting two real paychecks, having secondary insurance, having twice the opportunity to save for retirement \u2014 it becomes a big ethical issue!\u201d<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Put that way, it seems the main objection to overemployment is not that people are working multiple jobs to earn more, but that they\u2019re doing so without working themselves to death in the process.<\/p>\n<\/div>\n<section class=\"b bt bc-offblack dn-ns hide-for-print\" data-testid=\"mostRead\" subscriptions-section=\"content\"\/><\/div>\n\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiSGh0dHBzOi8vd3d3Lndhc2hpbmd0b25wb3N0LmNvbS9idXNpbmVzcy8yMDIyLzEwLzA2L3JlbW90ZS13b3JrLXR3by1qb2JzL9IBAA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Working multiple jobs is nothing new. With minimum wage lagging far behind the cost of living in the United States, many workers make ends meet through a patchwork of full- and part-time jobs \u2014 some working freelance gigs that add up to more than 40 hours a week without the benefits of full-time employee status. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":36043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/36042"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=36042"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/36042\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/36043"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=36042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=36042"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=36042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}