The latest research from ADP and its Research Institute has unveiled some fascinating insights into the shifting landscape of the American workforce post-pandemic. According to the findings, the highest-earning workers, young workers, and female workers are now working fewer hours than they did before the pandemic.
In fact, the average workweek in 2023 was reported to be the lowest in five years, indicating a significant trend towards reduced working hours. Surprisingly, workers in the highest-paid 25% experienced the largest drop in hours worked, while the lowest-paid workers are putting in more hours than ever before.
Interestingly, some workers who are working fewer hours have actually seen a rise in their incomes, challenging the notion that more work equals more money. This suggests that less work isn’t necessarily a bad thing for their finances.
The decrease in hours worked may be attributed to companies retaining their workers but reducing their intensity of work, rather than a reflection of weak demand or looming layoffs. This shift in working hours could also be linked to the ongoing Great Resignation, as more individuals prioritize work-life balance over traditional working hours.
Despite these changes, American workers still clock longer hours compared to their counterparts in other developed nations. This implies that there may be potential for Americans to continue working less in the future.
Overall, the data highlights a notable transformation in the American workforce and raises questions about the future of work in the country. Stay tuned for more updates on this evolving trend.
“Travel aficionado. Incurable bacon specialist. Tv evangelist. Wannabe internet enthusiast. Typical creator.”