Keyword: Gig Economy

Redi Reports

We propose the use of nonemployer establishment data as an approximation of the “gig” economy. The Great Recession that began in 2007 made the rise of the gig economy particularly pronounced, as the growth of nonemployer establishments dramatically outpaced traditional employer establishments. In contrast, the 2001 recession had little impact on employer establishment growth.…

Redi Reports

We construct a “nonemployer location quotient” to measure the industrial concentration of gig nonemployers in Colorado compared to the country as a whole. Many industries with a high density of nonemployers in Colorado have seen above- average growth in sales. Although nonemployer businesses are beneficial for the greater economy, they may lead to greater financial fragility for those who choose to establish them.…
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