From Fast Company, Jared Linzon discusses how helping freelancers might boost the economy may easing unemployment in some areas and reducing overcrowding in cities. Jared writes:
many freelancers are paid 60 or 90 days after submitting their work, and about half of freelancers surveyed in 2014 reported issues with getting paid, citing an average loss of $6,390 as a result of nonpayment. That’s money that isn’t being put back into their local economies.
Both Kasriel and Snow believe that protecting freelancers ultimately benefits everyone, not just the freelancers themselves, as it can help move incomes away from cities that are quickly becoming unaffordable and toward those that are in decline.
“You talk to the people in Congress that represent the big cities, and they struggle with the cost of living, then you talk to other people from Congress that represent the cities that struggle with unemployment—well, I have a solution for you,” says Kasriel, suggesting that more protection for freelancers would encourage more to enter the freelance economy, improve unemployment in some areas, and congestion and the rising cost of living in others. “We haven’t missed the boat,” he points out, “but I would say, Let’s not wait 10 years, because the boat is moving.”
Read the full story at How Protecting Freelancers Could Boost The U.S. Economy | Fast Company | Business + Innovation