articleReview of Keynesian EconomicsApr 1, 2014Closed access

Workers without employers: shadow corporations and the rise of the gig economy

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Abstract

A growing number of American workers are no longer employed in ‘jobs’ with a long-term connection with a company but are hired for ‘gigs’ under ‘flexible’ arrangements as ‘independent contractors’ or ‘consultants,’ working only to complete a particular task or for defined time and with no more connection with their employer than there might be between a consumer and a particular brand of soap or potato chips. While the rise of this ‘gig’ economy is praised by some as a response to the wishes of a more entrepreneurial generation, it is more likely that it is driven by the concerns of businesses to lower wages and benefit costs during business down-turns while also reducing their vulnerability to unfair…

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Topics & keywords

Keywords
  • Shadow (psychology)
  • Dismissal
  • Vulnerability (computing)
  • Labour economics
  • Business
  • Gig economy
  • Economics
  • Market economy
UN Sustainable Development Goals
  • Decent work and economic growth
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