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Addressing Income Volatility Would Help Millions Of Workers – OpEd

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thursday

Income Volatility Is Widespread Due to Erratic Scheduling: About one-third of US working adults experience month-to-month income fluctuations, with roughly two-thirds of hourly workers facing employer-driven schedule changes, particularly in service sectors like food service and retail.

Service Sector Workers Are Hit Hardest: Over half (53.6%) of food preparation and service workers and 45% in other service occupations face income instability — significantly higher than the 31% rate for all other jobs — leading to financial strain and budgeting difficulties.

Predictive Scheduling Legislation Has Strong Public Support: The Schedules That Work Act (STWA), which would require advance notice, compensation for last-minute changes, and limits on on-call shifts, enjoys broad bipartisan backing (62% overall, including majority Republican and Independent support), offering a practical policy solution to improve work and income stability.

Job churn, irregular work hours, and the resulting income instability have remained persistent challenges affecting a large portion of the US workforce. Nationwide, about two-thirds of hourly workers experienced month-to-month employer-driven schedule volatility. Many........

© Eurasia Review