FEDERALhearing transcript

House Committee Hearing: Millennials and the Gig Economy

Original title: MILLENNIALS AND THE GIG ECONOMY

January 1, 2018

gig economy millennials small business labor market technology entrepreneurship

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The Frame

What this does

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 is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

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.

What changed

Last recorded activity January 1, 2018.

What's next

Next step not available in the current record.

Summary

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.

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.
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

What is the gig economy?

It is a marketplace of workers whose businesses are a collection of individual projects or gigs, ranging from short-term contracts to single tasks.

How many people work in the gig economy?

The Bureau of Labor Statistics estimates that more than 53 million Americans, or about one in three workers, earn income outside of traditional 9-to-5 jobs.

Why It Matters

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Demographic Shift in Labor

The hearing highlights a projected shift in the gig economy workforce from older workers (47-50) to millennials by 2020.

Bureau of Labor Statistics

Connected Entities

personSteven Olikara“Founder and President, Millennial Action Project”Map →

personRyan Morris“Owner, Ruff House Dog Training”Map →

personBetsy Dougert“Director of Communications, SCORE Association”Map →

personNydia Velazquez“Ranking Member of the House Committee on Small Business”Map →

personSteve Chabot“Chairman of the House Committee on Small Business”Map →

organizationBureau of Labor Statistics“Source of labor market data”Map →

personAnne Kirby“Founder, The Sweet Core”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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