Posts tagged finance
RESEARCH: AI and Independent Work in 7 Charts
July 28, 2026 // Most debates about AI and work still focus on whether jobs will disappear. But these charts point to another possibility: AI may also be making it easier for more people to work outside traditional firms. This is still early, descriptive evidence—not proof of causation. Even so, both datasets point in the same direction: solo-type business applications and solo self-employment are growing faster in sectors and occupations with greater AI exposure.
New Mercatus Liya Palagashvilli Report: Artificial Intelligence and the Rise of Independent Work
July 20, 2026 // A freelancer or solo business owner may earn income from multiple clients without any one client serving as the institutional provider of benefits. If AI expands this kind of independent knowledge work, then benefits should increasingly attach to the worker rather than to a single firm. Portable benefits would allow workers to maintain access to health benefits, retirement accounts, paid leave, and other forms of security across different work arrangements.17Contributions could come from multiple sources: the worker, firms, clients, platforms, customers, or government matches for lower-income workers. The goal is not to make independent work look exactly like traditional employment. It is to make sure that workers do not lose financial security simply because their income comes from contracts, clients, or a one-person business rather than from a firm. The second implication concerns unemployment insurance and income disruption. Traditional unemployment insurance is built around a clean layoff from an employer. But AI-related disruption may not always appear that way. A consultant may lose clients. A software contractor may face fewer projects. A designer may see rates fall. A worker may move from a salaried job into solo self-employment, not because work disappeared entirely, but because the organization of work changed. In these cases, the relevant question is not only whether an employer laid someone off. It is whether the worker experienced a meaningful earnings shock or transition.
For federal employees, remote work ought to be exception, not rule
February 9, 2025 // But the public sector is a different ballgame. Whereas most private sector employees can be fired at any time and for any reason, the process for firing federal workers is intentionally onerous. Federal employees' right to "due process" means that employers must give them a 30-day advance notice and explanation of alleged misconduct before a termination can go into effect. Federal employees then have the right to appeal the firing to an independent agency, retain independent counsel, file a complaint with the Office of Special Counsel, and then be reinstated with back pay and benefits should the appeal succeed.
IWF Signs Independent Contracting Coalition Letter
March 18, 2024 //
Small business owners not optimistic as inflation, labor struggles continue: NFIB survey
November 14, 2023 // The NFIB's Optimism Index was 90.7 points in October, significantly lower than the survey's 50-year average of 98 A seasonally adjusted net of 17% of owners plan to create new jobs in the next three months and 61% of owners overall said they were hiring or attempting to hire in October – but 90% reported few or no qualified applicants for open positions.
Sens. Braun, Burr, Thune, and Rep. Foxx Lead Republican Colleagues in Urging Department of Labor to Protect Independent Contractor Classification
December 19, 2022 // Senators Braun, Burr and Thune are leading a bicameral letter with Rep. Foxx (R-N.C.) urging the Department of Labor (DOL) not to move forward with its proposed rule for determining independent contractor classification due to the negative impact on workers and business, the test’s lack of clarity and the devastating consequences for the U.S. economy. They are joined by Sens. Hagerty, Romney, T. Scott, Cramer, Johnson, Barrasso, Cassidy, Lankford, Marshall, Hoeven, Blackburn, Boozman, Tuberville, Young, Lummis, Lee, R. Scott, Inhofe, Graham, Fischer, Ernst, Shelby, and Rounds as well as Reps. Wilson, Thompson, Walberg, Grothman, Stefanik, Allen, Banks, Comer, Fulcher, Keller, Miller-Meeks, Owens, Good, McClain, Harshbarger, Miller, Spartz, Fitzgerald, Steel, and Pete Sessions.
Understanding America’s Labor Shortage: The Most Impacted Industries
September 9, 2022 // For example, durable goods manufacturing, wholesale and retail trade, and education and health services have a labor shortage—these industries have more unfilled job openings than unemployed workers with experience in their respective industry. Even if every unemployed person with experience in the durable goods manufacturing industry were employed, the industry would only fill 65% of the vacant jobs. Conversely, in the transportation, construction, and mining industries, there is a labor surplus. There are more unemployed workers with experience in their respective industry than there are open jobs.
Worker productivity saw its biggest drop since 1947 in the first quarter—but experts say the headline figures don’t tell the whole story
May 9, 2022 // American workers’ productivity dropped sharply in the first quarter of 2022, notching the largest three-month decline since 1947. Non-farm productivity, which measures worker output against hours worked, sank 7.5% from January through March, the Bureau of Labor Statistics reported on Thursday.
Opinion: Amazon Employees Don’t Need a Union
March 25, 2022 // Tight labor markets empower workers more than any union. That’s why it’s unlikely that the 7,500 Amazon workers at the JFK8 plant in Staten Island, New York, who are voting today on whether to join the Amazon Labor Union, will choose to be organized. Voting at Amazon’s LDJ5 plant (also in Staten Island), which employs 1,500 workers, will take place next month.