Gig economy

The economists who predicted a surge in gig jobs say they were wrong

Uber car pictured.
Photo: Spencer Platt/Getty

In 2016, two prominent U.S. economists turned heads with a paper stating that the country was going gig — Americans were throwing aside the traditional desire for full-time jobs and opting for the freedom and flexibility of freelance work.

Where it stands: Now the pair — Princeton University's Alan Krueger and Harvard's Lawrence Katz — say they were fooled by economic noise and that workers are pretty much the same as they've always been.

Angie's List parent company acquires Handy

Photo of Handy app on laptop and smartphones.
Photo: Handy

ANGI Homeservices, the parent company of Angie's List's and HomeAdvisors, is acquiring Handy, a New York-based startup that provides cleaning and other home services.

Why it matters: Unlike one-time rival Homejoy, Handy has been able to stay afloat for several years despite criticism of its use of independent contractors (and even a lawsuit,) and even turning a profit last year.

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