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Most US jobs created since 2005 are not conventional full-time work

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Re: Most US jobs created since 2005 are not conventional full-time work

#31

Post by s73ver_ »

jstanley wrote: post #9
csours wrote: post #2

> “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” So, not exactly temp workers, but contract workers who require less overhead and are easy to fire.

People talk like this is a bad thing, but I don't get it. If working for your employer became a negative ROI, you'd quit your job. If employing somebody becomes a negative ROI, I don't see why it shouldn't be equally easy to stop employing them. As long as the relationship is mutually beneficial, neither party will terminate it.

Because we don't like looking at people as purely numbers. Especially when those people are dependent upon their job to be able to pay rent and buy food.

Re: Most US jobs created since 2005 are not conventional full-time work

#32

Post by s73ver_ »

walshemj wrote: post #25
adventured wrote: post #8

In the time since the end of the article's data was sourced, until now, the U6 rate has fallen from 11% to 8.3% - which is back to where it was in the Summer of 1998. When it gets into the 7.x% levels, the employment market will be the second hottest in roughly 50 years next to the year 2000. The time frame sourced, includes an U6 rate that reached nearly 18% and a U3 rate that hit 10%. It's not surprising that conve…

depends how they fiddle th figure I though 3 or 4 % was the full employment rate

Different stats depending on how you determine that someone is "unemployed". Some count anyone who doesn't have a job at all unemployed, while some will take that number, and remove people who wouldn't be part of the workforce anyway, like retired persons, stay at home parents, and students. And there's a few in between.

Re: Most US jobs created since 2005 are not conventional full-time work

#33

Post by 1_2__4 »

adventured wrote: post #8

In the time since the end of the article's data was sourced, until now, the U6 rate has fallen from 11% to 8.3% - which is back to where it was in the Summer of 1998. When it gets into the 7.x% levels, the employment market will be the second hottest in roughly 50 years next to the year 2000. The time frame sourced, includes an U6 rate that reached nearly 18% and a U3 rate that hit 10%. It's not surprising that conve…

If there is a labor shortage then why are the jobs being created of the kind that are less advantageous to workers? Isn’t the market supposed to “correct” in favor of labor in that scenario? Because it looks like the opposite has happened.

Re: Most US jobs created since 2005 are not conventional full-time work

#34

Post by lazerpants »

bryan11 wrote: post #20
csours wrote: post #2

> “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” So, not exactly temp workers, but contract workers who require less overhead and are easy to fire.

Has the increasing cost of health insurance motivated employers to start using more contract workers?

Probably. Do employers pay payroll tax on independent contractors? Those two items together make FTEs really expensive.

Re: Most US jobs created since 2005 are not conventional full-time work

#35

Post by anonymous5133 »

armenarmen wrote: post #27
walshemj wrote: post #24

Earlier quoted context omitted.

Its not well paid IT contractors its all the minimum wage disguised employment "gig" jobs that is where the growth is.

Yeah, and these gigs aren't the best thing around for sure. But I wonder where people would be without them, you know? Would it be huge unemployment? Or would conventional employees be the result?

Really depends. If you think about uber then without uber or similar services then people would use taxis. The taxi drivers would get paid more due to having monopolies in most cities and fares would be outrageous.

Most of the gig type companies are able to offer lower prices to consumers at the expense of workers.

Also important to note is that uber and lyft sell their gigs as just side income, not a full time job so I think people have been fair warned that uber is not sufficient to support yourself.

Re: Most US jobs created since 2005 are not conventional full-time work

#36

Post by anonymous5133 »

lazerpants wrote: post #34
bryan11 wrote: post #20

Earlier quoted context omitted.

Has the increasing cost of health insurance motivated employers to start using more contract workers?

Probably. Do employers pay payroll tax on independent contractors? Those two items together make FTEs really expensive.

There is no requirement to withhold taxes on independent contractors. The independent contractor is fully liable for all payroll obligations. If you are a direct employee then the employer will pay half of your payroll tax (7.5%). If you are an independent contractor then you pay the full tax of 15%.

However, independent contractors are not without risk because the independent contractor is suppose to operate fully independent without your supervision. If you violate certain guidelines then you have to classify the worker as an employee which entitles them to certain rights.

Re: Most US jobs created since 2005 are not conventional full-time work

#37

Post by rtx »

notsohugedeal22 wrote: post #13
csours wrote: post #2

> “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” So, not exactly temp workers, but contract workers who require less overhead and are easy to fire.

Exactly why we need universal healthcare in the US It’s something every worker should be fighting tooth and nail for It would go a long way to breaking up the neoliberal corporate hegemony Sadly, and regardless of education and political leanings, Americans seem in love with a fictional account of the countries history. That it was all great 50 yrs ago without universal healthcare (when they were kids and not really…

Government should have its own infra and hire medical professionals. They should leave the private sector alone.

Re: Most US jobs created since 2005 are not conventional full-time work

#38

Post by notfromhere »

adventured wrote: post #8

In the time since the end of the article's data was sourced, until now, the U6 rate has fallen from 11% to 8.3% - which is back to where it was in the Summer of 1998. When it gets into the 7.x% levels, the employment market will be the second hottest in roughly 50 years next to the year 2000. The time frame sourced, includes an U6 rate that reached nearly 18% and a U3 rate that hit 10%. It's not surprising that conve…

Hard to believe in a labor shortage when wages haven't gone up much

Re: Most US jobs created since 2005 are not conventional full-time work

#40

Post by collyw »

anonymous5133 wrote: post #35
armenarmen wrote: post #27

Earlier quoted context omitted.

Yeah, and these gigs aren't the best thing around for sure. But I wonder where people would be without them, you know? Would it be huge unemployment? Or would conventional employees be the result?

Really depends. If you think about uber then without uber or similar services then people would use taxis. The taxi drivers would get paid more due to having monopolies in most cities and fares would be outrageous. Most of the gig type companies are able to offer lower prices to consumers at the expense of workers. Also important to note is that uber and lyft sell their gigs as just side income, not a full time job s…

Uber is banned where I live, and the taxis are a reasonable price.

When I went home to the UK at Christmas, Uber wanted to charge around 3 times the price of the monopolistic black cabs.

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