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Read. Follow. Verify.House Committee Hearing: Millennials and the Gig Economy
Record date · January 1, 2018
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What This Bill Does
The House Committee on Small Business held a hearing on June 6, 2018, to examine the impact of the on millennials and small businesses. The discussion focused on how digital platforms and mobile apps are changing traditional employment and the growth of short-term contract work.
This hearing serves as a formal record of congressional inquiry into the labor trends affecting over 53 million Americans, specifically focusing on the shift toward millennial participation in non-traditional, project-based work.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Millennial workers
This demographic is the primary focus of the hearing regarding their increasing participation in non-traditional employment.
Small business owners
The committee is evaluating how the growth of the gig economy impacts the operations and labor market for small businesses.
Key Facts
- The hearing took place on June 6, 2018, in the Rayburn House Office Building.
- The Bureau of Labor Statistics estimates over 53 million Americans earn income outside traditional 9-to-5 jobs.
- Approximately one in three American workers participates in the gig economy.
- The average age of current gig economy workers is estimated to be between 47 and 50 years old.
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- By 2020, approximately 42 percent of gig economy workers are projected to be millennials (ages 22 to 37).
- The gig economy is defined as a marketplace where businesses consist of collections of individual projects or short-term contracts.
- Digital platforms and mobile apps are identified as the primary drivers for connecting gig workers to employers.
Frequently Asked Questions
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News Coverage
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Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Demographic Shift in Labor
The hearing highlights a projected shift in the gig economy workforce from older workers (47-50) to millennials by 2020.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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