Latest News
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
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.