John Duca, Online Retailing, Self-Employment Disrupt Inflation
A new paper written by a Fed researcher makes two critical points that we’ve addressed in past Monthly Barometers and that may explain the subdued nature of the US’ otherwise impressive economic outperformance: (1) the US very low jobless rate would be higher if gig economy workers were counted as unemployed or underemployed; (2) gig work (which pays less than traditional full-time employment) is in part responsible for the sluggish wage increase. True for other economies as well, but to a lesser extent (reads in about 5 min).

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