Since Covid-19 broke out and social distancing became the norm, remote work has become more popular than ever.
Last year, 15% of the U.S. worked from home. Along with lockdowns and travel restrictions, remote work allowed individuals to work from the comfort of their homes. It wasn’t the ideal situation, but it changed how the world worked.
Moreover, it allowed many employees to break free from the confines of traditional office spaces and skip the hour-long commutes. This, in turn, gave them more control over their work-life balance.
While there is no denying that remote work offers flexibility and convenience, some even wonder if it could also offer a path to riches.
The answer was surprising!
Many remote workers took on multiple remote jobs during the past few years and learned that the changing work landscape offered more money.
Of course, it was stressful, but they realized they could double their income by successfully managing two full-time jobs at the same time.
But if working two jobs is easy, why isn’t everyone doing it?
The Changing Landscape of Remote Work
With the growing trend of hybrid and remote work, there has been an increase in the number of remote employees taking on multiple full-time jobs simultaneously, causing a boost in income growth for many.
Jerry Lee, a TikToker, highlighted this new development by sharing the story of a friend who doubled his wealth by doing two jobs remotely. Jerry told his followers that his friend now made money to the point where he could afford materialistic luxuries available on the market—a Tesla, to be specific.
And his friend wasn’t the only one cashing in on this.
Jerry pinpointed the fact that many individuals are now working as many as five jobs and earning a whopping $1.2 million per year, much more than many can manage to do in a few years!
However, working multiple jobs simultaneously has overcrowded the labor market. This, in turn, has created a scene widely referred to as “overemployment.”
Overemployment occurs when an employee takes two jobs to boost income and professional growth. It may be done for various reasons, such as to boost earnings, achieve financial goals, or take advantage of available opportunities.
According to one statistic, 70% of Americans seek a side hustle for extra income.
But the question is, is it really a good idea?
Is Working Two Jobs a Good Game Plan?
“Kayy” went online to explain how she manages multiple remote jobs to increase her income.
Lee highlights that a significant percentage of remote workers (between 35% and 79%) are engaged in over-employment, simultaneously taking on multiple jobs and boosting their income streams.
And it seems to be working out for them without any consequences.
The Pros and Cons of a Double Gig
About 79% of remote or hybrid employees are working two jobs at once. The obvious pro of working multiple jobs has to be the extra cash available to these remote workers. Some workers have claimed to be making as much as seven figures due to over-employment while also gaining valuable corporate experience, all from the comfort of their own homes.
While financial necessity drives some to take on extra work, others are motivated by the potential for substantial earnings, provided they can manage the responsibilities and their employers approve.
However, working multiple jobs isn’t easy. In fact, it can be stressful and time-consuming.
Successfully managing multiple jobs at once depends on the nature of your job, your workload, and your ability to maintain a balance between them, which can quickly become complicated, stressful, and even overwhelming for some individuals.
Is it ethical?
Well, the debate on whether it is ethical or not seems to be ongoing. While some employers believe that working two remote jobs is like “stealing” and involves “lying” to an employer, others believe otherwise.
What Do You Need to Work Multiple Remote Jobs?
So, does overemployment offer the path to riches?
It could. If your skillset and credentials align with the job descriptions posted on job posting forums, you can start applying to them.
If your current remote job is not exhausting and provides you with ample pockets of cool-down time, you may use it to your advantage and sign up for another job.
Just make sure you are not violating any terms or cutting corners.
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This article was produced by TPR Teaching.
Caitriona Maria is an education writer and founder of TPR Teaching, crafting inspiring pieces that promote the importance of developing new skills. For 7 years, she has been committed to providing students with the best learning opportunities possible, both domestically and abroad. Dedicated to unlocking students' potential, Caitriona has taught English in several countries and continues to explore new cultures through her travels.