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Freelance economy

Small businesses, freelancers need novel retirement options

Recent scientific opinion polling reveals small business and freelancers need more flexible retirement options. The poll found small employers struggle to offer retirement benefits, and are increasingly turning to independent workers to meet their needs. Additionally, small employers overwhelmingly support state-administered retirement savings plans and other policies that would make it easier for them to offer retirement benefits.

Rise of the Freelance Economy

Entrepreneurs create more jobs than any other sector of the economy, and they are in the vanguard of an evolving 21st century economy that is shaping America’s new employment landscape—one where brick-and-mortar storefronts are being replaced by online retailers, and freelancers and contractors are the new version of the 9-to-5 office worker. 

This paper examines the impact of freelancers on the economy, how emerging technologies are paving the way for more people to work for themselves and how the U.S. can update broadband policies that address the needs of this new workforce.