Contingency: almost every demographic is down
Someone on Twitter, reacting to my last post on contingent employment, wrote this: “Contingent workers were more than twice as likely as noncontingent workers to be under age 25.” Profitable corporations are putting lots of young people in incredibly exploitative jobs and making it normal. For the young work is a new hell, and it’s not temporary. Workers under the age of 25 are less likely to be contingent than they were 22 years ago. Here’s the detail by demographic group. The share for workers in the 20–25 age group declined more than the… Read More
No it’s not a gig economy
Despite the voluble testimony of pundits and bar companions, the world of work is not one of Uber drivers and temp workers. In fact, the share of U.S. employment accounted for by contingent and “alternative” arrangements is lower now than it was in 2005 and 1995. That testimony is derived from several original sources. For example, a much ballyhooed 2014 study commissioned by the Freelancers Union—which is not a materially disinterested party—reported that a third of workers are freelancers. The claim of a 2016 paper by Lawrence Katz and Alan Krueger that… Read More
Fresh audio product
Just added to my radio archive (click on date for link): June 7, 2018 Adam Gaffney (see link for articles) on how to get prescription drug prices down • Barry Eichengreen, author of The Populist Temptation, on the nationalist/xenophobic turn (Trump, Brexit, etc.), and on the future of the U.S. dollar
LBO News from Doug Henwood 