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Congress must reinvent retirement savings for the gig economy

from The Hill

The need for creating effective retirement options for workers in the rapidly growing gig economy is clear. A survey conducted by Professors Lawrence Katz of Harvard and Alan Krueger of Princeton found that the percentage of individuals pursuing “alternative work arrangements” rose by almost 50 percent from 2005 to 2015, to close to 16 percent of the workforce. They further observed that, based on their estimates, “94 percent of the net employment growth in the U.S. economy from 2005 to 2015 appears to have occurred in alternative work arrangements.” more

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