Why are measurements of the gig economy so out of tune?
A new report from the National Bureau of Economic Research looks at the problem of why there is such a wide range of conclusions about the gig economy.
By Scott Wooldridge|September 13, 2018 at 10:58 AM
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The gig economy—where workers are independent contractors, moving from job to job and setting their own schedules and workloads—is often described as a growing trend. However, measurements of the size and growth of the gig economy by various organizations and government agencies deliver wildly varying numbers.
The Gallup organization estimates that 36 percent of American workers are in the gig economy. But not so fast—a recent report from the Bureau of Labor Statistics found that approximately 10 percent of American workers were involved in “alternative work arrangements”—which was a one percent decline from 2005! And 2018 data from the Federal Reserve said that less than one third of adults in this country do some form of gig work—either as their primary job or to supplement other income.
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