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Illustration: Sarah Grillo/Axios

Choosing to hustle is a luxury. The hustle culture debate misses a bigger economic picture.

Why it matters: Workers are wary (and weary) of hustle culture, as the economy comes out of the pandemic. But for tens of millions of Americans, working nonstop may be a necessity. 

Driving the news: Interest in "hustle culture" spiked to new highs this spring, based on Google Trends data dating back to 2004. That coincided with debates on Twitter, whose platform skews younger and more affluent.

Working to live: One version of hustle culture, as an aspirational lifestyle and micro-industry, can be traced back to entrepreneurs like Gary Vaynerchuk and Silicon Valley CEOs like Yahoo’s Marissa Mayer.

  • “When reporters write about Google, they write about it as if it was inevitable,” Mayer told Bloomberg in 2016. “The actual experience was more like, ‘Could you work 130 hours in a week?’”
  • Celebrityside hustles” on social media fueled the glamour. 

Living to work: Striving to work hard, and constantly, is not seen as sustainable.

  • But it may be the only option for some of the lowest paid workers in the economy.
  • Over the past 20 years, the percentage of workers who hold more than one job has been increasing —  driven by growth among women (9.1%) and jobs hardest hit by the pandemic (retail, food service and accommodation).
  • Nearly 21 million people in the U.S. are still feeling the economic impact of COVID, which has disproportionately impacted lower income workers.

The pandemic effect: The global health crisis caused some people to reevaluate their priorities. For many, it exacerbated a grind that enabled them to "live at work" while working from home.

What they're saying: I won't embrace "the hustle" ever again, one Closer subscriber told Axios. "I will say, 'No way,' more often … if it’s not a 'Hell Yeah,' then it’s a, 'No.'"

  • But the current hustle culture will never go away, technology entrepreneur and investor Alexis Ohanian tells Axios. "It's a way some people make a living (selling the 'secret,' glorifying the process, etc)."
  • Still, Ohanian says that "our collective immune systems are a lot stronger against the bullsh*t of hustle culture."

What to watch: JPMorgan's Jamie Dimon, lamenting that remote work prevents young people from "hustling," won't help the culture abate.

Go deeper

The economic impact of Black women

Reproduced from S&P Global; Chart: Axios Visuals

Economic inequality has been exacerbated by the pandemic and left Black women — and potential growth for the broader U.S. economy — even further behind, according to a new report today from S&P Global.

Why it matters: Black women have been hindered by economic disparities in nearly all aspects of American life, particularly when it comes to wage growth and opportunities in school and at work.

Dan Primack, author of Pro Rata
17 mins ago - Economy & Business

IPO market holds firm amid stock market tumult

Illustration: Aïda Amer/Axios

The IPO market is doing its best Alfred E. Neuman impression so far this week, refusing to entertain everyone else's worries.

The big picture: Both the Dow and S&P 500 fell nearly 2% yesterday, as investors tried to measure the fallout of Chinese construction giant Evergrande defaulting on its $300 billion in liabilities.

2 hours ago - World

Sudanese government says it put down coup attempt

Prime Minister Abdullah Hamdok (L) and Sovereign Council Chief Gen. Abdel Fattah al-Burhan. Photo: Ashraf Shazly/AFP via Getty

The Sudanese government announced on Tuesday morning that its military and security services had foiled an attempted coup from within the country’s armed forces.

Why it matters: The apparent coup attempt comes with Sudan’s transitional government — in which power is shared between civilians and generals — facing crises on several fronts two years after dictator Omar al-Bashir was toppled in a popular uprising.