Does the gig economy revolutionise the world of work, or it is a storm in a teacup?

YOU often hear that the traditional employee job is on its way out. It is a big topic of conversation across the pond, but the issue is also generating heat here in Britain. Whether it’s selling your crafts on Etsy or Ebay, offering taxi services through Uber (perhaps renting out your car on easyCar Club the rest of the time) or accommodating tourists in your spare room via Airbnb (perhaps also commuters in your driveway via JustPark), the world of work appears to be changing. This is the so-called “gig economy”—where incomes are earned or supplemented by trading individual goods and services online.

But turn to official data and evidence for this revolution is hard to find. In both America and Britain, the share of workers with permanent jobs has not changed much in recent decades; nor has multiple job-holding. The share of workers who are self-employed is actually falling in...Continue reading

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