The real solution might just be waiting
for the gig economy to mature.
Extra protection
for gig economy workers in terms of holiday and sick pay will be welcomed by many but it remains to be seen how well this is enforced by an already under - resourced HMRC.
«Anything that makes it easier
for gig economy workers to determine their true status and pay tax and NICs accordingly — and for the engagers of their labour to pay employers» NICs wherever appropriate — is to be welcomed.
And did we mention the monthly money you take - home is above average
for gig economy work?
Championed by Handy and Tech NYC, a newly formed statewide tech - industry trade association that includes Uber, the legislation would lay the foundation for the first - ever «portable» benefits plan
for gig economy workers.
«The Aspen Institute on What We Do and Don't Know About the Sharing Economy Main Educating Students
for the Gig Economy»
The No. 1 piece of advice Fite has
for gig economy workers who want to own a home is to spend time organizing all of your documentation, including proof of employment and income, the names and phone numbers of references, previous employers, landlords and more.
Gathering this information is more important
for gig economy workers than typical borrowers, because you will have to work harder to convince a mortgage lender to approve a home loan.
Not exact matches
While the president's report does not propose any quick fixes
for growth, it suggests that large - scale investment in infrastructure improvements, regulations that ensure the internet remains open to all, and protections
for the increasing number of workers who wind up as contractors in the
gig economy will be essential.
A California Supreme Court ruling on Monday will make it easier
for workers in the
gig economy, like Uber drivers or TaskRabbit gofers, to claim they are employees as opposed to independent contractors.
«I'm trying to encourage people to not think about the
gig economy like driving
for Uber or working part - time because they need to.»
She'd also provide greater protections
for contract workers in the «
gig»
economy, while supporting the innovations of companies such as Airbnb and Uber, which have built that new sector.
The
Gig Economy could be a limitless source of economic opportunity
for educated workers, if not
for student debt.
New York City assembly leader Joseph Morelle is expected to introduce a bill this month which would lay out the first - ever portable benefits plan
for workers in the
gig economy.
Small companies turn to the
gig economy for costly talent but is
gig work attractive to the people they need?
While the book is stuffed with helpful big picture observations, it doesn't offer much in the way of specific on - the - ground ideas — though Keen does call
for reforms to data privacy and
gig economy labor laws, and
for a serious discussion of a universal basic income.
Just as people can find almost any product online, rather than just settling
for what's at the local market, you can use the
gig economy to fill your business needs with the perfect talent.
The
gig economy is necessary
for the cost - conscious enterprise.
Elaine Chao, the President - elect's pick
for Secretary of Transportation, plans to push
for less regulation
for ride - sharing companies and wants more Americans to take part in the
gig economy.
Another factor driving Millennials» need
for flexibility is the growing
gig economy, or on - demand work options.
It's tempting to think of the rise of the «
gig economy» as a nice little bonus
for people willing to put in the extra hours to get ahead.
For starters, the growing «
gig economy» shows no signs of slowing, contributing an estimated $ 715 billion to the
economy.
Today,
gig economy platforms often mark the first step towards entrepreneurship
for a new class of workers eager
for an alternative to the inflexibility of paycheck - driven employment.
Andrew Marcus, co-founder of FitnessTrainer.com, a
gig economy platform
for personal fitness trainers to connect with people looking
for fitness education and guidance, says «People are anxious
for options.
But while the
gig economy is growing, other big changes predicted
for future workers have yet to be realized.
First, a new
gig economy driven by born - in - the - cloud platforms like Lyft, Upwork, and niche sites like FitnessTrainer.com are providing the opportunity and the platform
for small - time entrepreneurs to dip a toe in the water.
The long predicted «
gig»
economy became reality, and
for many entrepreneurs this was a period of unprecedented prosperity and growth.
«Everyone thinks the
gig economy is
for Millennials — Uber and Lyft drive - sharing services, AirBnB home rentals and the like.
The
gig economy he feels «is an ideal way
for boomers to bolster their income during their unretirement years.»
But Uber in particular also sparks sharp debate about what constitutes an even playing field
for its employees, and broad workers» rights and due process
for freelancers in the growing
gig economy.
The research revealed older Americans were turning to the
gig economy for flexibility, supplemental income, and a means to stay engaged and social — just as Farrell argues.
Next Avenue's
Gig Economy: Better for Boomers Than Millennials covers the growing trend of retirement age Americans choosing to work in the gig econo
Gig Economy: Better for Boomers Than Millennials covers the growing trend of retirement age Americans choosing to work in the gig e
Economy: Better
for Boomers Than Millennials covers the growing trend of retirement age Americans choosing to work in the
gig econo
gig economyeconomy.
Furthermore, a study by JPMorgan Chase looked specifically at
gig economy workers working
for labor platforms — such as ride - sharing companies — and capital platforms, like temporarily renting one's apartment.
It found that workers on labor platforms relied on their
gig economy earnings either as a primary source of income or to make up
for poor earnings from nonplatform work.
The DOL's former head of wage enforcement, David Weil, recently suggested that weighing whether
gig economy workers should be classified as employees or independent contractors is not so different than making the same determination
for workers at brick - and - mortar businesses.84 Existing legal tests to determine whether a worker is an employee or an independent contractor are multifactor, fact - based exercises based on the level of control a company exerts over the workers in question.
For example, while a number of communities are debating how to provide benefits to
gig economy workers, without policies that ensure a baseline wage threshold or that grant workers a voice in determining their wages and benefits, low - road companies could respond to requirements to contribute to benefits with commensurate decreases in pay.
Some see the so - called sharing
economy as being responsible
for the advent of a «
gig economy», in which people make ends meet by arranging freelance work over the Internet rather than working in traditional full - time jobs (either voluntarily, or because no other work is available).
If markets get a little tipsy, embrace the «
gig»
economy and work
for 8 hours a week to buffer your nest egg.
Kevin Werbach, a business professor who has written extensively on the subject, said that while gamification could be a force
for good in the
gig economy —
for example, by creating bonds among workers who do not share a physical space — there was a danger of abuse.
This book is a must read
for those concerned about how technology is disrupting the way we work and eroding the social safety net, and how policy makers should respond to ensure that the growing number of workers in the «
gig»
economy earn adequate benefits.
They're also increasingly turning to the
gig economy for both full - time jobs and part - time side
gigs to supplement their income.
Rigging the
gig economy: A proposed bill would lure freelance workers to sign away their employee rights
for cash Salon Angelo Young November 29, 2016
The
gig economy continues to spread rapidly and is becoming a key talent source
for many industries.
Since freelancing and the «
gig economy» is on the rise, so is the demand
for coworking spaces.
But maybe I can start a series, just like I've done
for real estate, investing,
gig economy etc..
The rapidly expanding
gig economy might be good
for employers, but freelance working who lack employer - sponsored benefits and retirement plans need help.
The
gig economy also creates significant opportunities
for businesses that support workers and employers — the staffing sector, which helps identify talented employees, and the financial sector, which helps meet payroll.
It's been called the
Gig Economy, Freelance Nation, the Rise of the Creative Class, and the e-conomy, with the «e» standing
for electronic, entrepreneurial, or perhaps eclectic.
The chancellor's desire
for work that is «good quality and well - paid» echoes the recent Taylor review of the
gig economy, which argued that full employment was not incompatible with all work being good work, and it was good to hear repeated focus on the nature of work, rather than just the employment statistics.
This week, Sen. Bernie Sanders (I - VT), along with other Senate Democrats, introduced legislation that would make it easier
for people working in the
gig economy to prove they are employees and thus be able to organize and collectively bargain.