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Door dash stock orice8/31/2023 The study found that laid-off workers with access to Uber were less likely to apply for unemployment insurance benefits and rely on borrowing money. Spencer Platt/Getty ImagesĪ 2020 study from the Massachusetts Institute of Technology found that platforms like Uber and Lyft may help reduce the strain on unemployment insurance and help hold down personal debt by comparing unemployment data, credit data from Equifax and car registration data. Working in the gig economy can help people spend more time searching for their next job, if they've been laid off. “Once I make a certain amount of income, then I will not need to do this,” he said. He began using platforms like Uber, DoorDash and Grubhub part-time to help pay for college but began his full-time gig work after a contract to work as an electrical technician ended last year. If they are laid off, they have more of a safety cushion beyond unemployment insurance and relying on family and friends and their savings,” said Erica Groshen, the former commissioner of the Bureau of Labor Statistics. “It allows people to search longer for their next job. If you don’t want to work in a restaurant or the other kinds of service work, you could do this instead,” he said.ĭespite the fact that many gig workers don’t have access to benefits like workplace-provided health insurance or retirement benefits, which come from a traditional 9-5 job, there are some advantages to online gig work. “It’s a backstop in a lot of ways, and it always is an alternative. Hyman said the growth of these online platforms was “made possible by the shortcomings of service work” since workers can make their own hours - a benefit they may not get in traditional service industry jobs. Flex, a trade association representing DoorDash, Grubhub, HopSkipDrive, Instacart, Lyft, Shipt and Uber, estimates that more than 23 million Americans have earned money through an online platform in the past 12 months. More than 13 million Dashers have used the platform since it launched a decade ago. DoorDash currently has more than two million monthly active Dashers, according to Jenn Rosenberg, a company spokesperson. In February, Uber reported that its “earners,” as it calls its drivers and food delivery workers, reached a record high of 5.4 million in the fourth quarter of 2022. Internal data from the companies themselves shows an even bigger number of gig economy participants. A paper published by the University of Chicago in May that tracked earnings through tax filings found that the number of people who report income from platform-based gig work to the IRS has exploded in recent years from just over one million workers to nearly five million - a clear indication of just how many more people use tech platforms to help earn a living. Recent data indicates that the number of people working with these platforms has grown, too. Millions earn money from online platformsĭuring the Covid pandemic, newer, digital-first work platforms like DoorDash and Uber Eats surged in popularity as millions sheltered at home and turned to online delivery. “Society needs to account for these different kinds of experiences.” You can think of it as an alternative to debt for some people - as a way to get through volatile times,” said Louis Hyman, a professor of labor and business at Cornell University. “People who have access to the gig economy borrow less money than people who don’t. It may also be a factor helping more people avoid bankruptcies, providing a fallback option for those who have been laid off from work in recent years, they say. For example, easy-to-access work through mobile phones may be keeping the national unemployment rate lower than it would be without the rise of these workers. It could even be distorting government economic data, they say. But workplace experts say the number of gig workers is growing, and and their impact is being felt throughout the economy. The last time the Bureau of Labor Statistics officially tracked workers with alternate job arrangements was 2017. Government data on this group of workers is elusive. The number of gig workers is growing and making an impact throughout the economy.
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