On the recordJune 17, 2015
Mr. President, I come to the floor today to speak about the changing nature of our economy. I come to talk about a part of our economy that I don't think most folks in this Chamber understand. It goes by many names. It is called the sharing economy, the on-demand economy, the gig economy, the 1099 economy. There is a lot of discussion, actually, in some circles about exactly what to call this changing nature of our economy, but there is no dispute that it represents a new dynamic and growing part of our American economy. It used to be that when you were introduced to someone, one of the first questions asked was, Where do you work? Today, particularly for the 80-plus million millennials who make up the largest age cohort in our society, the more appropriate question to ask is, What are you working on? That is because the American workforce is increasingly made up of freelancers, independent contractors, and the self-employed. Yet Washington mostly has remained on the sidelines as our economy, the workforce, and the workplace have undergone what may be the most dramatic transformation literally in decades. By my count, as folks announced yesterday, almost 25 people are running for President in 2016.…





