Throughout history, workers, employers, and government policymakers alike have tended to react slowly to the march of major technological advances that initially disrupted – but then ultimately expanded – workplace opportunities. What is different today is that we have the ability to better prepare for the future of work, to understand the challenges and opportunities…
The U.S. labor market is going through a major change as people turn to self-employment in record numbers. Enabled by the ubiquitous connectivity of smartphones, entrepreneurs are embracing the opportunity to become self-employed. Today’s entrepreneurs don’t necessarily have storefronts, staffs or even business cards – and better yet, some don’t even have to find their…
It wasn’t too long ago that new graduates would join a company straight out of school and spend the next several decades there. There was an implicit contract between employer and employee that rewarded productivity and loyalty with opportunity and stability. Back in 1985, 60 percent of Americans even enjoyed a full pension. For today’s…
According to a new report, at least 2.5 million Americans are earning income in the on-demand and many face immense challenges to tax compliance. The exponential growth in the on-demand platform economy has captured much attention in recent months. Less common in the news headlines are the tax compliance challenges for the small business owners…
Small businesses drive our economy. And earlier this month, the country celebrated National Small Business Week, recognizing the 28 million small companies that create opportunities for millions of Americans through employment and innovation. Their economic contributions are well known – small businesses create two out of every three new jobs annually and generate income for…
Within the next five years, as many as four in 10 workers in the United States are expected to be self-employed, due in part to millions of Americans joining the ranks of what is being called the “sharing economy.” That’s the finding of a new labor market study conducted by Emergent Research that predicts that more…
On Thursday, November 19th, keynote speakers, Sen. Mark Warner and Rep. Peter Roskam, spoke at a Capitol Hill symposium focused on the trends and public policy ramifications of the new, emerging workforce driving the sharing economy. Hosted by the Kogod Tax Policy Center at American University, and sponsored by the Intuit Tax and Financial Center,…
