Urban Fold

When Jobs are Temporary, How Does Economic Development Create Them?

Bill Fulton writes about the shift from permanent, full-time jobs to "1099 jobs": hourly, contract work that is becoming more and more common. If 1099 jobs take over the economy, how can economic developers do their job?

Fulton argues that the shift will mean more investment in infrastructure than in individual businesses:

"...even though there may not be jobs in the conventional sense, there is still work. That's the whole idea of the 1099 economy. It's just a different way of organizing the economy. Businesses need economically valuable work to be done, but instead of employing people full-time and permanently, they contract with individuals to do the work temporarily. The work ebbs and flows, the businesses come and go, and the 1099 employees work for a while and then move on. It's a lot more fluid -- and seemingly uncertain -- than the traditional economy."

Full Story: Economic Development in the 1099 Economy

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