Not all gigs are equal: Informal self-employment linked to lower pay, poorer health and instability

Not all gigs are equal: Informal self-employment linked to lower pay, poorer health and instability

Reviewed by Ayaz Khan.Not all self-employment guarantees financial security, with informal arrangements posing the greatest risks to well-being for many workers.Using machine learning to classify self-employment, a new University of Michigan study analyzed narrative job descriptions from the 2003-2019 Panel Study of Income Dynamics, a longitudinal dataset with approximately 10,000 U.S. families.They divided self-employment into three categories:…