A 2017 study reports that overall self-employment is likely to triple to 42 million workers by 2020, as many millennials choose to opt out of the traditional workforce.
Many organizations are turning toward the growing alternative workforce and seeking to hire more workers off their balance sheets, write Kelly Monahan, Jeff Schwartz, and Tiffany Schleeter at deloitte.com.
Data, from the Bureau of Labor Statistics, show a slightly higher proportion of men than women in the millennial alternative workforce, with the difference in gender representation widening over time. In 2003, the millennial alternative workforce consisted of 52 percent men and 48 percent women; by 2015, that proportion had shifted to 60 percent men and only 40 percent women.
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