income

The Online Platform Economy

ilrweb admin — Fri, 11 May 2018 19:09:31 +0000

The Online Platform Economy ilrweb admin Fri, 05/11/2018 - 15:09

How is it collected?

Bank account records were completely anonymized prior to being released to JPMorgan Chase Institute researchers. Transaction histories from October 2012 to June 2021 were analyzed in order to track income from platform work, including its relationship to other income streams and expenses.

Who collects it?

JPMorgan Chase Institute, a think tank affiliated with JPMorgan Chase aimed at increasing understanding of the global economic system.

What is it measuring?

People's income from 128 different online platforms, extracted from JPMorgan Chase bank accounts. The most recent report focuses on the period between 2018 and 2021, including the COVID-19 pandemic. Platforms are divided into four sectors: transportation work (rideshare and delivery), non-transportation work (including both in-person and virtual services), selling goods, and leasing assets.

What does it tell us?

Prior to the pandemic, participation on platforms had been growing steadily. The percentage of households who had earned income on platforms peaked at 2.5 percent in early 2020 before dropping to 1.9 percent shortly after the onset of the pandemic. By June 2021, participation had risen back to near-peak pre-pandemic levels.

During the pandemic, participation in transportation and leasing platform work dropped most significantly, while non-transportation work remained stable and selling platforms continued to grow. Compared to the general population, platform workers - particularly those involved in the transportation sector - were more likely to receive Unemployment Insurance under the Pandemic Unemployment Assistance program.

Considerations

The data are limited to JPMorgan Chase account holders, who are not fully representative of US workers; they are more likely to be men, to be between 25 and 54, live in the West, and have higher incomes than the average American. In addition, the reliance on account transactions means that hours worked and related expenses are unknowns, so information on earnings is limited.

How to access this data?

Privately held by JPMorgan Chase Institute

Study tags

Reports

The Online Platform Economy in 2018; 2018; Diana Farrell, Fiona Greig, Amar Hamoudi; JPMorgan Chase Institute;

Paychecks, Paydays, and the Online Platform Economy; 2016; Diana Farrell, Fiona Greig; JPMorgan Chase Institute;

The Online Platform Economy: Has Growth Peaked?; 2016; Diana Farrell, Fiona Greig; JPMorgan Chase Institute;

The Online Platform Economy through the Pandemic; 2021; Fiona Greig, Daniel M. Sullivan; JPMorgan Chase Institute;

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State of Independence in America

ilrweb admin — Fri, 11 May 2018 18:54:15 +0000

State of Independence in America ilrweb admin Fri, 05/11/2018 - 14:54

How is it collected?

Through an online survey administered by Emergent Research and Illuminas, with 6,575 respondents in 2024. Responses were weighted demographically to represent the population. 2024 was the 14th year the State of Independence survey has been administered.

Who collects it?

MBO Partners, a business services company marketed toward independent professionals, contracts Emergent Research and Illuminas to conduct the annual survey. Earlier iterations were contracted to Emergent Research and Rockbridge Associates.

What is it measuring?

The number of workers with "independent arrangements," including consultants, freelancers, contractors, temporary, and on-call workers. It also asks about their experiences and satisfaction.

What does it tell us?

In 2024, 72.7 million adults in America participated in independent arrangements - up only slightly from 72.1 million in 2023 - representing about 43 percent of the workforce both years. The survey reported consistent increases in its measure of independent arrangements from 2011 to 2019, before a considerable decline in 2020, which authors attributed to the pandemic-related disruptions. It has observed growth again from 2020 to 2023, leveling off last year.

Considerations

Online surveys are unlikely to be representative of the population, with educated and higher-income workers likely to be overrepresented. Although many consider full-time to mean 40 hours per week, this survey counts anything above 15 hours per week as full-time.

How to access this data?

Privately held by MBO Partners

Study tags

freelancers

independent contractors

Reports

The State of Independence in America Report; 2024; Emergent Research; MBO Partners;

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Gig Workers in America

ilrweb admin — Fri, 11 May 2018 18:52:57 +0000

Gig Workers in America ilrweb admin Fri, 05/11/2018 - 14:52

How is it collected?

This one-time survey was conducted in 2017, distributed to adults who had agreed to participate in Harris Poll surveys. 1,491 workers were surveyed, including 721 gig workers.

Who collects it?

Prudential commissioned Harris Poll to conduct the survey.

What is it measuring?

Income, access to benefits, and experiences of workers who provide service or labor and work for themselves.

What does it tell us?

Those who rely on gig work as their only source of income earn less and have less access to benefits than full-time traditional employees.

Considerations

Online panels are unlikely to be representative of the population. These findings point to interesting differences between gig only, supplemental gig, and traditional workers, but the data is not able to speak to the prevalence of these arrangements.

How to access this data?

Privately held by Prudential

Study tags

benefits

demographics

independent contractors