The traditionalmeans of measuring labor statistics, which include householdsurveys and administrative data, were simply not built to measureindependent contracting and freelance work. (Photo:Shutterstock)
The gig economy—where workers are independentcontractors, moving from job to job and setting their own schedulesand workloads—is often described as a growing trend. However, measurements of thesize and growth of the gig economy by various organizations andgovernment agencies deliver wildly varying numbers.
The Gallup organization estimates that 36 percent of American workers are in the gigeconomy. But not so fast—a recent report from the Bureau of Labor Statisticsfound that approximately 10 percent of American workers wereinvolved in “alternative work arrangements”—which was a one percentdecline from 2005! And 2018 data from the Federal Reserve said thatless than one third of adults in this country do some form of gigwork—either as their primary job or to supplement other income.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
