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The Independent Contractor and Entrepreneurship in Labor Markets

In: How Digital Communication Technology Shapes Markets

Author

Listed:
  • Swati Bhatt

    (Princeton University)

Abstract

Empowerment of workers and degree of control are central themes in the workplace. The shift of workers from employee status to independent contractors is accompanied by more control. Employees typically have job security and multiple benefits, but limited freedom over terms of the work. Contractors are at the other end of the spectrum of control, with the ability to tailor their work environment but face the risk of disruptive forces. Jobs are parceled out in discrete packets to workers around the globe, requiring only an Internet connection and execution, while at a distance, is on-demand. As independent contractors, workers own their skill set and, therefore, have incentives, and opportunity, to reconfigure skills using the Internet in online education.

Suggested Citation

  • Swati Bhatt, 2017. "The Independent Contractor and Entrepreneurship in Labor Markets," Palgrave Advances in Economics of Innovation and Technology, in: How Digital Communication Technology Shapes Markets, chapter 4, pages 57-69, Palgrave Macmillan.
    • Handle: RePEc:pal:paiecp:978-3-319-47250-8_4
    DOI: 10.1007/978-3-319-47250-8_4
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