Why might the US government, which funds social security, medicare and unemployment insurance programs by taxing...

Why might the US government, which funds social security, medicare and unemployment insurance programs by taxing wages, desire to find a way to reduce self-employment and inhibit the growth of the gig economy?

Expert Solution

Gig economy is full of uncertainties and insecurities. Gig economy is inflated by the growth of self employment and freelancing. But such growth does not ensure jobs securities and other added benefits to the workers. Uber is prime example of gig economy where no medical benefits and social securities are ensured for workers.

Hence, government taxes wages and spend money on Medicare, unemployment insurance and social securities.

Rahul Sunny answered 2 years ago

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