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full employment – Elena Botella
  • One in four “gig economy” workers would take a normal job at a lower pay

    In a recent working paper for the Federal Reserve of Boston, Anat Bracha and Mary Burke find that 26% of gig economy workers would accept a lower hourly wage to be able to work hours at a formal job instead of in the informal economy — even if the formal job didn’t come with benefits.  While informal and ‘gig’ jobs are sometimes presented as offering greater flexibility and autonomy, Bracha and Burke’s findings strongly suggest that many would gladly ditch gig work in favor of greater predictability. Their working paper also finds that the census districts with the highest rate of informal and gig labor force participation have the lowest…