Labor

The Rise of the 1099 Economy

The shift in labor markets is real, if not yet transformative.

Signing up for a gig.

Photographer: Laura Buckman/Bloomberg

There are a lot of names for it: the "sharing economy," the "gig economy" and the "on-demand economy" seem to be the three most popular. But the most precise description of the new labor relationships being enabled by digital technology may actually be, in the U.S. at least, the "1099 economy."

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