Stephen Fuller Sees A Crisis Coming To The D.C. Economy. Can It Be Avoided?

From Bisnow: A reversal of D.C.’s migration patterns combined with a reduction in federal spending could prove disastrous for the area’s economy, but its economic development leaders are brainstorming some new ideas to help the economy grow. The Stephen S. Fuller Institute released a report in September that showed more people are leaving the D.C. region than moving to it. Over the last

Press Release: New Report on the Changing Nature of Work

Arlington, VA— Each month jobs numbers are reported to provide insight into the status of the economy. A new report from The Stephen S. Fuller Institute reveals that with the rise of the gig-economy the nature of work may be changing, yet the way in which we monitor our economy has not. So, while job

Non-Employer Establishments: What Work Do They Do?

The work performed by non-employer establishments in the Washington region mirrored that of employer establishments in 2015. The distribution of establishments, the value to the worker/owner and the relative concentration was similar for both non-employer and employer establishments. The key differences were the result of sub-sector concentrations that reflect both traditional gig economy work, real estate brokers, and the rise of the new, tech-enabled gig economy worker, especially Uber/Lyft drivers.

Non-Employer Establishments: How Does the Washington Region Compare?

The US has also experienced significant growth in non-employer establishments, from 15 million in 1997 to over 24 million in 2015. Still, the Washington region outpaced US growth and that of most of the other large metropolitan areas. Of the 15 largest metros, the Washington region had the sixth largest increase in non-employer establishments between 1997 and 2015.

Non-Employer Establishments: What’s Happening in the Washington Region

Work in today’s economy is conducted in many different ways. It increasingly does not involve a wage or salary job, a single boss, or employment with a company. Non-employer establishment statistics are one supplemental source that gives us some more insight into this phenomenon in the Washington region. These data suggest that the gig economy, self-employed and freelance workers, and independent contractors play a sizable role in the Washington regional economy.