Portable benefits for an insecure workforce
We believe that we (and Barack Obama, Elizabeth Warren, Etsy, and the libertarian R Street Institute) are on to something. Traditional full-time employment—and the middle-class lifestyle it enables—is slipping from the grasp of more and more American workers, who’ve been stripped of the benefits our parents’ generation understood to be part of standard compensation: health insurance, vacation, sick leave, unemployment and disability insurance, and retirement. The loss of these basic employment-based benefits is worsening the insecurity faced by workers and their families. Fewer and fewer jobs offer a full package of benefits, or any benefits at all.