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Looking Inside the “Gig Economy”…Some Things to Think About

It’s been estimated that by next year, about 40% of the U.S. workforce will be employed in the “gig” economy–a working arrangement where the worker is considered to be an independent, non-payrolled employee. While this offers benefits in the form of freedom to move among employers, self-regulation of working hours, and the like, there are drawbacks. Being on your own as a “gig” worker can mean a loss of benefits like health insurance, vacation and sick leave, and retirement savings benefits, and the “gig” worker is responsible for the full FICA tax associated with his or her income. Forbes Senior Contributor Camilo Maldonado

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