Josh Zoom, Wall Street Journal, Brin discussed on This Morning with Gordon Deal
Staples, two leading experts on the gig economy now say their estimates of its impact were too high skewed by spotty data and the recession of a decade ago. Alan Krueger of Princeton and Lawrence Katz of Harvard sifted through new evidence to explain how in two thousand fifteen survey. They overestimated how people cobbling together a living from odd jobs, especially through apps like Uber would up traditional work arrangements more from Wall Street Journal economics reporter, Josh zoom. Brin? Josh what happened in the middle of the decade? You know, twenty fourteen twenty fifty will the gig economy went wrong. So the gig economy stuff, I'll I'll summarize in blaming terms. You turn to the gig economy when you're looking for a few extra bucks when you're in retirement and looking for something else to do things along those lines when you're when you're. Desperate for a few bucks. Yeah. I think that's right. I mean, the lot of the people that turned to the gig economy. They just kind of did it as a temporarily at a temporary stopgap they'd hit a little bit of hard times. And so they, you know, they tried something out to make ends meet until they could get that traditional job. And then what we've seen over the last two three years, especially people are getting those traditional job. It's it's not the case in employers. Don't want to have employees any more that was the fear that people had that every employer was gonna wanna just us to temporarily stock up its workforce wasn't the case. It just looked that way a little bit. Because of how the economy was what about the lack of benefits the I mean that was. Yeah. That's a big reason that I think a lot of Americans, you know, were one worried about transition to the gig economy, and to why there was so much or why there was why people wanted to get away from those jobs wants to have the opportunity to do it. You know in Syria. It'd be great to earn a few bucks. When you have. You know, the free time. But when that doesn't come with health insurance doesn't come with sick leave, you know, that's not very attractive people. And so, you know, it makes sense that people wouldn't want to labor market necessarily go that direction on a on a really extensive basis. What about the fix ability of this? It's going to be very hard to fix for a lot of reasons. I mean, one is because this work by its nature can be pretty nebulous. It can be pretty temporary. You know, people can do it just on on on the weekend. They can do it if you can year they could do it on busy weekends, but not normal weekends. I mean, there's going to be real challenges measuring the extent of this activity. Josh Wall Street Journal economics reporter, Josh zoom. Brin? It's twenty minutes now in front of.