Cutting employees is what many companies do to stay competitive in today's cracked job, which according to the BLS now includes 9.5 million unincorporated self-employed "1099 workers," named for tax documents reporting their compensation to the Tax Service. Internal It is a heterogeneous group that encompasses many sectors and forms of work. Some under the moonlight with contract jobs, but earn most of their income from traditional jobs. But nearly 8% of American workers made their entire living as day laborers, temporary workers, on-call workers, or contract workers in 2010, according to the US Government Accountability Office. Cable installers like Benion and Goodgall enter in the last category. According to new research by labor economists at Harvard and Princeton, the number of Americans who participated in these alternative work arrangements grew 66% between 2005 and 2015, possibly accounting for "all of the net job growth in the US economy. United States" during that time.
While traditional employees, who receive W-2 tax forms, have taxes withheld from every paycheck, the 1,099 workers do not. Goodgall says his first thought about being an independent contractor was, “Sweet, no outgoing taxes? I hate paying taxes. "But most will end up in debt to the IRS on Monday, money that many may not have known they were setting aside. Meanwhile, cable companies save a lot because they don't have to pay social security, payroll taxes, hours extras or the minimum wage of these workers.
Bona fide freelancers operating like small businesses have long been commonplace in creative fields such as film, journalism, and graphic design. More controversial, they are also a mainstay of tech startups like Uber, Lyft, and TaskRabbit. But over the past 15 years, independent contractors have replaced millions of traditional employees like cable installers, delivery truckers, and janitors, even if the job itself looks exactly the same. "We've definitely seen it in the cable industry," says a Labor Department official who spoke on the condition that he not be identified due to ongoing investigations into the cable industry.
No comments:
Post a Comment