Due to the high inflation, which liquefies salaries, people need more than one job to be able to maintain their quality of life. According to Permanent Household Survey (EPH) from the second quarter of 2023 to rate of employed job seekers The labor market grew by 1.4 percentage points (pp), going from 14.8% to 16.2%.
According to the report of the National Institute of Statistics and Censuses (INDEC)the growth of this indicator is mainly explained by the proportion of underemployed demanders They increased their participation by 1.1 pp (from 6.3% to 7.4%).
In that sense, Matías GhidiniCEO of Ghidini Rodilhighlighted that although people have a job, they also have the possibility and space to work more hours.
The latest report, from the end of August, from the consulting firm Ecolatina indicated that in Argentina the 10% of workers have more than one job and a growth of 25% has been observed since the beginning of 2018.
“The labor market is characterized by loss of real salary“This 2023 we will be facing the sixth consecutive year of salary loss, versus inflation,” he added. Ghidini.
What is the reason for the rise in moonlighting?
He moonlighting is not necessarily associated with the objective of supporting income to avoid falling below the poverty line. It is also linked to the need to sustain a certain standard of livingas it shows marked growth in higher deciles.
However, in the effort to maintain the standard of living, people reduce their free timewhich they previously used to study or for leisure.
The phenomenon of moonlighting hides two negative factors – Ecolatina insists – on the one hand, the drop in income and on the other, the quality of jobs.
First of all, workers’ salaries remain depressed. Since 2017, they have already accumulated a decline of close to 20% and are continually put in check by the inflationary acceleration, which in August, after the devaluation, reached 12.4% and was positioned as the highest in 32 years.
Secondly, the quality of employment He also appears in the center of the scene. Since 2018, only one in every four jobs created was under the category of registered employeesthe rest operate under the informality I self-employment.
Moonlighting: who goes out to look for another job?
To a large extent, moonlighting hits women hardest, who represent 60% of all “moonlighters.” Furthermore, one in three corresponds to the age range between 30-40 years.
Likewise, within the report, it is highlighted that 85% of those who meet this characteristic are heads of household or their spouses. As well as insertion into the labor market tends to occur in other family membersmoonlighting falls on the main household references.
Along these lines, the EPH shows a strong unemployment among young people between 14 and 29 years oldrising to 13.4% and practically doubling general unemployment (6.9%).
Multiple employment: almost half of people with more than one job have higher per capita income
Within the report of Ecolatinait is also highlighted that a distinctive aspect of moonlighting is that, contrary to what happens with informality and self-employment (two characteristics of the precariousness of the labor market), it has a more “democratic” distribution, since almost half of people with more than one job are located in the three highest deciles of family per capita income and only one in four is in the three most neglected deciles.
Source: Ambito
