Dan talks to Axios Markets editor Dion Rabouin about why the gig economy might be making America's job numbers look better than they really are.
The gig economy is distorting U.S. economic data
Online shopping and the gig economy haven't just disrupted traditional brick-and-mortar business, they're disrupting the way U.S. job growth, wage data and inflation are tracked, asserts a new paper from the Dallas Federal Reserve.
What it means: There has been an increase in the number of workers in the gig economy who are either working as contractors or are self-employed, but report themselves as employed. These workers often have less bargaining power and lower wages than full-time employees.