Ronnie Mola, Rico Daily, Jordache discussed on Reset
Our very own. Ronnie mola is here to tell us about what's going on with the workforce in america right. Now hey running. Hey how you doing. Well it's fun. Having to rico daily hosts hosting at the same time. We'll see who wins. Nice to see on this side of the mic. Sorry okay so ronnie. What's going on with pandemic job recovery. So the unemployment rate is down to five point two percent. It's a lot lower than it was in the height of the pandemic but still not as low as it used to be and more importantly there are six million fewer americans working now than there. Were you know at the same time. Employers are really desperate for workers All sorts of industries are saying. We can't find enough people to fill these jobs. The other end of that is that you know. They're not necessarily willing to pay them a lot more. You also have a lot more people wanting to work from home or wanting sort of a flexible schedule and sort of to fill that void. You've got gig. Were coming in. And there's been a huge jump in the number of americans who are doing gig work and by gig work. I mean any job. That isn't like traditional employer employee relationship. That could be temporary work. It could be driving an uber. It can be contract work doing something like freelance online. For a specific project so the number of people doing gig work jumped an unprecedented thirty four percent to fifty one million this year And that's basically equivalent to a third of the number of people working in the us according to be less data. So why are people turning to gig more now than ever. This is one of those the teen gazillion times that an existing trend has been accelerated by the pandemic basically anytime there is economic uncertainty People turn to whatever work they can and increasingly. That's been gig work. It's also part of a decades long change. That's been happening. A lot of companies trying to save costs have moved people from regular employment to contract jobs or sometime in some cases just missed classifying them as contractors basically it saves employers a lot of money to do so somewhere from twenty to thirty percent see have a lot. Fewer employers offering traditional employment now You also have the rise of a lot of platforms like up work and fiber that. Make it easier to find this temporary work. Also stuff like uber and jordache where he'd get these gig jobs so it's sort of a confluence of things. The dissolution of traditional american work the rise of online gig platforms. So you mentioned a lot of different types of gig workers gig work. Were there any that saw a bigger jump than others were. Was there a specific. Kind of gig. Works at american seem to lock to. Yeah the data on using is from m. b. o. Partners which has been surveying independent workers for years and they said the biggest growth was among the people who did dig work occasionally regularly but no set hours per week and that a lot of the time is what we traditionally think of as gig work you know working for ubereats or finding a job on a freelance job site in that could include people that had fulltime jobs as well. Yeah a lot of the people who are taking on gig. Work are using it as a supplement to their traditional income. Their regular income just isn't enough to make ends meet for a variety of reasons. You know so. They're having to take on extra work. something like three quarters of the people in the survey said that they took on gig work to supplement their income. Right so for instance. If i still have my full time job my wife loses her and we need to have our household and come look something like it was before i might start driving lifted night. Exactly You know if you find something to fill the void. Well it seems ironic at best for workers to demand better working conditions and then ultimately have to turn to gig work which is known for having few if any worker protections to supplement their income are there any protections in place for gig workers. Yeah that that's the huge problem with all of this know there are a variety of reasons why people are choosing gig work mostly because there's just more of it It is just the option now but the largest problem with it is. It doesn't come with a lot of these. Traditional benefits like health care or overtime doesn't even necessarily come with a minimum wage. So you have a lot of americans taking on these jobs that if they lost they could be in serious trouble you know they. They don't have the safety nets that traditional employment affords them and as we've seen time and time again with companies like we'll just use uber lifted as an example they can sort of change. their policies and people's incomes can change quite dramatically. Even if they're doing the same amount of work the work is especially volatile. And then you know this is just part of a larger move from putting responsibility on employers to putting responsibility on employees. You if you're a gig worker than you have to kind of pay for your own healthcare and make sure that you're putting away money for your taxes and we saw happening slowly. Before the pandemic but again dependent make accelerated earlier trends. There was a movement to give gigahertz more protections for the government to step in and start taking better care or at least having more oversight over a companies that offered gig work as there've been much movement on that front now Yeah i mean the freelancers union has been working for very long time to create something called portable benefits. Basically that means that your benefits package your healthcare. You know your 401k. Whatever with stick with you no matter who your employer is so is not contingent on your employment status that you get these very basic necessities. They've had middling. Success added a few states offer. Things like paid parental leave. But now there's been some movement with the american families plan That's currently working. Its way through congress The idea would be to create a comprehensive paid family. leave plan that would hopefully include freelancers but You know th that's still far from affording them all of the same protections that traditional employees have so we mentioned the great resignation before which might have led to more gig work. But i've also heard of something called the great reassessment where people are looking for better jobs. They're not willing to work for terrible benefits or no benefits at all. Has that.