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Friday, May 08, 09:25:33amLogin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1[2]345 ]


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Date Posted: Sunday, June 02, 08:10:23pm
Author: M's nemesis
Subject: Hugh's glowing economic success story

Built on lies. That too.
-------------------------

Across America, the fastest-growing category of new jobs is gig work – contract, part-time, temp, self-employed and freelance. And a growing number of people work for staffing firms that find them gig jobs.

Estimates vary but it’s safe to say almost a quarter of American workers are now gig workers. Which helps explain why the standard economic measures – unemployment and income – look better than Americans feel.

The jobs problem today isn’t just stagnant wages. It’s also uncertain incomes. A downturn in demand, change in consumer preferences, or a personal injury or sickness, can cause future paychecks to disappear. Yet nearly 80% of Americans live paycheck to paycheck.

According to polls, about a quarter of American workers worry they won’t be earning enough in the future. That’s up from 15% a decade ago. Such fears are fueling working-class grievances in America, and presumably elsewhere around world where steady jobs are vanishing.

https://www.theguardian.com/commentisfree/2019/jun/02/gig-economy-us-trump-uber-california-robert-reich

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