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There's One Thing Uber Hasn't Disrupted: Work.ND
Sarah Holder, City Lab, Friday June 8 2018
The big takeaway from a new report out of the Bureau of Labor Statistics is that the gig economy is not the future of work. Gig work only makes up 6.9% of the U.S. workforce, and it’s getting smaller, down from 7.4% in 2005. When taking into account vehicle maintenance, Uber booking fees and commission, Uber wages average about $9.21 an hour. That’s more than the federal U.S. minimum wage of $7.25, but 29 states have implemented local minimum wage laws of more than $10, and Uber drivers don’t get healthcare, sick leave or any of the traditional salary benefits. The report suggests then that economists really need to re-evaluate the importance of the gig economy, and refocus efforts on improving the quality of full time work in the U.S. It seems that the future of work does involve people working full time after all.
For the full story see: www.citylab.com