Economic Security for the Future of Work - OECD · Althea Erickson Head of Global Advocacy & Policy...
Transcript of Economic Security for the Future of Work - OECD · Althea Erickson Head of Global Advocacy & Policy...
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Althea EricksonHead of Global Advocacy & Policy
Economic Security for the Future of WorkCrafting 21st century policies for social protection
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Etsy is a is a global creative commerce platform that builds markets, services, and economic opportunities for creative entrepreneurs.
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Our Community
1.8Mactive sellers
AS OF MARCH 31, 2017
87%of sellers
are women2017 ETSY SELLER SURVEY
97%of sellers run
their Etsy shop from home
2017 ETSY SELLER SURVEY
73%consider their
shop a business2017 ETSY SELLER SURVEY
Photo by Moira K. Lime [c] 2017Etsy, Inc. All Rights Reserved
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78%of Etsy sellers are businesses of one
2017 ETSY SELLER SURVEY
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Etsy sellers represent larger changes in the economy.
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Employment among Etsy sellers
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40.4%of the US workforce is comprised of contingent workers
US GAO (2015)
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14 millionpeople in the UK are part of the independent workforce
McKinsey Global Institute (2016)
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30%of the working age population in Germany engages in
independent workMcKinsey Global Institute (2016)
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+85%The number of independent professionals in France grew by
85% between 2004 and 2013European Forum of Independent Professionals (2013)
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Etsy sellers’ experiences shed light on the challenges of the economy.
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Many Etsy sellers are self-employed and combine income from multiple sources
33%focus on their creative
businesses as theirsole occupation
2017 ETSY SELLER SURVEY
63%started their Etsyshop as a way to
supplement income2017 ETSY SELLER SURVEY
30%are full-time
employees2017 ETSY SELLER SURVEY
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Income volatility
Across the globe, Etsy sellers identify issues related to income volatility as the top barrier to achieving their
business goals.
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For those who work outside of traditional employment, it becomes more difficult to access standard social safety net regimes.
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titleEmployees Independent workers
● Employer provides access to affordable benefits and assumes administrative burdens
● Contributions are automatically deducted from paychecks
● Income is predictable and protected through minimum wage and unemployment insurance
● Lack access to group-rate benefits and must find alternatives on their own
● Self-fund from checking account when they can
● Income fluctuates and lack protection from major income loss
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We need a social safety net that
works for everyone who
works.
Lisette of La LisetteAmsterdam, Netherlands [c] 2017Etsy, Inc. All Rights Reserved
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Exploring the future of social protection in the US
etsy.me/economicsecurity
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One place to manage benefits, regardless of income source
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A simple, common way to fund benefits
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A way to manage income fluctuations
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Future-proof through
collaboration
Eloise Sentito of Reinvent NoiseUnited Kingdom
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Thanks!
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