Chasing The American Dream: It's A Hustle

September 15, 2017 | | Forbes |

“The challenges for people in their 50s and 60s are intense,” said panelist Tamara Draut, vice president of policy and research at Demos, a public policy organization trying to reduce political and economic inequality, and author of Sleeping Giant: How America’s New Working Class Will Transform America. “There’s a lot of age discrimination in the workplace and the ability to combat that is at the lowest level since the Civil Rights Act.”

Consequently, many find themselves forced into taking gig economy jobs. But…

“The gig economy is a double-edged sword,” Draut said. “The big plus is flexibility; you work when you want to. But the downsides are that middlemen like Uber are making a lot of money by classifying drivers as independent contractors and not providing health benefits or paying into Medicare or Social Security for them. And you don’t qualify for unemployment insurance if you’re an independent contractor, or have a retirement plan from your employer.” [...]

Draut added: “We need to figure out a way to provide a better balance — freedom and flexibility along with stability and protection for workers.” And for people over 50, Draut said, “We have to figure out a way to get back to the idea that everybody who needs a job in America should be able to have one and be able to work as long as they want to.”