Posts tagged older workers
A Fresh Look at the Independent Workforce with New BLS Data
November 27, 2024 // New BLS data reveal the size and growth of the independent workforce, preferences for independent work over W-2 employment, and key demographic and industry trends
A New Law Could Affect Your Retirement Side Hustle Income
April 10, 2024 // Kavin owns her own freelance writing and editing business in New Jersey and leads Fight For Freelancers USA, a nonpartisan coalition of freelancers from across the country that spans professions from translation to interior design. Around 20% of group members are ages 55 to 64 and nearly 10% are age 65 and older. Some members turned to freelancing after suffering age discrimination that cost them a traditional job, says Kavin. "They still want to work and earn, and the way they're able to do it is as independent contractors," she says. Kavin says she does well as a freelancer and does not want a traditional job, even if she could find one at her age. "It's a lot harder to find a traditional job in your 50s than in your 30s, especially one with the significantly higher level of income that I've been able to achieve as a freelancer," she says. "If I lose this self-employed business that I just spent 20 years building up, there may be no other place for me to go."
Could the U.S. adopt a four-day workweek?
March 16, 2024 // “They would ship those jobs overseas or they would automate to replace those workers for whom they have an increased expense, or they would dramatically increase prices to make them stay afloat,” Sen. Bill Cassidy (R-La.) said. Some witnesses in Thursday’s hearing agreed with Cassidy arguing it could put some industries and workers at a disadvantage. “We also potentially disadvantage older workers who cannot necessarily physically do the same amount of work in a shorter time,” Liberty Vittert, Professor of the Practice of Data Science at the Olin Business School said.