As Labor Day looms, more Americans than ever
don’t know how much they’ll be earning next week or even tomorrow.
This varied group includes independent
contractors, temporary workers, the self-employed, part-timers, freelancers, and
free agents. Most file 1099s rather than W2s, for tax purposes.
On demand and on call – in the “share” economy, the “gig” economy, or, more prosaically, the “irregular” economy – the result is the same: no predictable earnings or hours.
biggest change in the American workforce in over a century, and it’s happening
at lightening speed. It’s estimated that in five years over 40 percent of the American labor force will have uncertain work; in a decade, most of us.
Increasingly, businesses need only a relatively small pool of
“talent” anchored in the enterprise – innovators and strategists responsible
for the firm’s unique competitive strength.
Everyone else is becoming fungible, sought only
for their reliability and low cost.
Complex algorithms can now determine who’s
needed to do what and when, and then measure the quality of what’s produced. Reliability can be measured in experience
ratings. Software can seamlessly handle all transactions
– contracts, billing, payments, taxes.
All this allows businesses to be highly nimble – immediately responsive to changes in consumer preferences, overall demand,