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What will be the highest value of the U.S. Private Sector Job Quality Index (JQI-1) before 2030?
The JQI is aimed at assessing the degree to which the number of jobs in the United States is weighted towards more desirable higher-wage/higher-hour jobs versus lower-wage/lower-hour jobs, which can serve as a proxy for the overall health of the U.S. jobs market, the national economy, and worldwide financial markets. The initial form of the index (JQI-1) covers only production and nonsupervisory workers.
The index divides all jobs into high and low quality by calculating the mean weekly income (hourly wages times by hours worked) and then calculates the number of jobs that are above or below that mean. An index reading of 100 would indicate an even distribution between high and low quality jobs. Index value below 100 indicate a greater concentration in lower quality job positions (those below the mean). Index above 100 indicates greater concentration in high quality (above the mean) job positions.
Exact calculation is more complex. It's described in JQI White Paper.
The question asks what will be the highest U.S. Private Sector Job Quality Index (JQI-1) value before 2030? The last month included in the question is December 2029.
The initial high value is 79.11 from April 2020.
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