“More and more, companies are shifting portions of their work to independent contractors, managing large pools of people available as needed for anything from tech support to landscaping. This relieves them of having to pay employees a fixed amount every month — not to mention health insurance, Social Security taxes or workers’ compensation.
It’s difficult to know how many companies are going in this direction, or how quickly. Regardless, a lot of money is going into start-ups that are competing to ease the transition — and profit from it. Take WorkMarket. It just raised $20 million more from leading investors, including Union Square Ventures principal Fred Wilson, who thinks it has the potential to “transform the way enterprises leverage the on-demand labor economy.”
To read the full article by Lydia DePillis in the Washington Post, click here.
