Gig Economy One of the big reasons that the gig economy appeared so large several years ago, economists argue, was that the job market was still slowly recovering from a devastating recession. (Photo: Shutterstock)

The gig economy was way overhyped. And that’s according to two of the people who played a big role in hyping it up.

Two leading economists, Alan Krueger of Princeton and Lawrence Katz of Harvard, conceded that research they published in 2015 overestimated the shift towards freelance work on the U.S. economy, particularly gigs tied to apps such as Uber and Lyft.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jack Craver


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.