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Macro Musings with David Beckworth
Liya Palagashvili on the Gig Economy, Portable Benefits, and Changing Labor Regulations
Mar 3, 2025
Liya Palagashvilli, a senior research fellow at the Mercatus Center, dives into the evolving gig economy and the dynamics of labor regulations. She highlights the diverse makeup of independent workers, particularly the increasing roles of women and older individuals seeking flexible jobs. Liya discusses the common myths surrounding the gig economy, emphasizing that many workers engage in gig roles to supplement their income. She also introduces innovative concepts like portable benefits, aiming to support the unique needs of freelance workers in a changing labor landscape.
01:03:17
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Quick takeaways
- The gig economy provides a flexible income source for many, especially women who balance work and caregiving responsibilities.
- Portable benefits are essential to support independent workers, addressing their lack of access to traditional employment benefits like health insurance.
Deep dives
The Dynamics of Labor Markets
The podcast highlights the importance of having dynamic labor markets that can adapt to various shocks, such as globalization and technological changes. A resilient labor market encourages job openings and closures, allowing for the growth of new sectors while phasing out less productive ones. For instance, the U.S. labor market is characterized by its ability to let individuals, including immigrants and young workers, find opportunities in various industries. In contrast, countries like Italy struggle with low labor mobility and fewer job openings, making it harder for individuals to transition between jobs and industries.
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