Temporary workers tend to earn 18 percent less than people in the same occupation who have fulltime work, says a study from the UC Berkley's Center for Labor Research and Education. The guy mowing the lawn may come to mind, but these days, temps are everyone, from the gardener to the accountant keeping the books.
Lots has been written about the contingent workforce, including one or two of my posts. But one aspect doesn't seem to come up often. That is the inherent instability of temp work and how that instability affects the economy. When people are on short contracts and don't know what the future holds, how likely are they to feel secure enough to invest in the kind of big-ticket items that drive consumer spending?