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Tech Policy Podcast

#233: The Sharing Economy is Dead... Long Live the Hustle Economy

Tech Policy Podcast

TechFreedom

Technology

4.845 Ratings

🗓️ 23 July 2018

⏱️ 21 minutes

🧾️ Download transcript

Summary

According to a recent survey from the Bureau of Labor Statistics, there are fewer independent contractors working in the US now than there were in 2005. Does this mean that the end of the sharing economy is near? Jared Meyer, Senior Fellow at the Foundation for Government Accountability, joins the show to discuss the serious flaws in the survey’s methodology that led to a serious under-counting of independent contractors. For more, see his article in Reason, and his testimony before the House Subcommittee on Health, Employment, Labor, and Pensions.

Transcript

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0:00.0

Welcome to a tech policy podcast.

0:08.0

On today's show, we're going to talk about the sharing economy and recent numbers that were released by the Bureau of Labor Statistics.

0:16.0

We have Jared Myers, Senior Fellow at the Foundation for Government Accountabilityability and an adoptive member of the Tech Freedom family joining us.

0:22.6

Jared, thank you for being here.

0:24.6

Great to be back on.

0:25.6

So Jared, you recently testified in front of Congress on this issue, and we are very happy to have you on to enlighten our listeners the same way you enlightened, hopefully, members of Congress.

0:41.3

So what is the very recent survey the Bureau of Labor Statistics did?

0:46.2

So it's something called the contingent worker supplement to the monthly current population survey.

0:47.1

And just for any of the listeners who haven't tuned out yet, from me listing boring acronyms

0:51.9

and names of surveys, what it found was that there were fewer

0:54.9

independent contractors today than there were in the year 2005.

0:59.2

How does that make sense?

1:00.7

It doesn't, and I think there's a lot of problems with this survey and how it's measuring,

1:05.2

but it led to a lot of people in the media when this survey came out saying that the sharing

1:09.4

economy is dead.

1:10.6

It's over. We've

1:11.6

reached peak sharing economy years ago, and now people are just transitioning back to traditional work.

1:17.1

So people who have been enemies of this type of independent entrepreneurial work, they were

1:21.6

rejoicing when the survey came out. So I was welcoming the chance to testify for Congress and

1:26.3

set the record straight, showing that this isn't the final word.

1:29.0

So what committee was it in front?

1:31.1

Education and Workforce, a subcommittee on there.

...

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