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Next May, it will roll out a supplement to its Current Population Survey that will cover all kinds of "contingent" workers and alternative work arrangements.
A recent study by two leading economists, Lawrence Katz and Alan Krueger, shows an increase of nearly fifty per cent over the past decade in what they call "alternative work arrangements" — freelancing, temping, and so on.
Between 2005 and 2015, according to analysis by the economists Alan Krueger and Lawrence Katz, ninety-four per cent of net job growth has been in "alternative work arrangements" — freelancing, independent contracting, temping, and the like — which typically offer no health benefits.
But Harvard economist Lawrence Katz and his fellow researcher, Alan Krueger, of Princeton, have concluded that all net job growth since 2005 has come in the form of alternative work arrangements – contract or gig type hirings that aren't traditional jobs with salaries and benefits.
I think it's important not to ignore that many people prefer "alternative work arrangements".
Indeed, all "net employment growth in the U.S. economy since 2005 appears to have occurred in alternative work arrangements," notes Fusion.
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Most members of the "alternative work arrangement" population are less well off than those with more conventional work arrangements.
In 1995, 9.3% of the American work force had a so-called "alternative work arrangement" — temporary, gig, or contract work — as their main job.
When asked if they prefer to work a traditional 9-5 workday, nearly half (46%) of working adults disagree, indicating they would prefer some level of alternative work arrangement.
The firm is hoping to achieve most of the cuts through voluntary redundancies and is considering alternative working arrangements.
But if you're feeling trapped in a job which is going nowhere or which feels stifling, think about alternative working arrangements and start developing a free-agent mindset, putting your overall career over any particular job.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com