What is the difference between being unemployed and being out of the labor force?
Step 1 of 3
I talked briefly about independent contractors (vs. employees). Employers can hire independent contractors and avoid expenses normally required like payroll taxes, workers compensation, healthcare, etc., ONLYwhen certain conditions are met by the independent contractor. I covered several but not all conditions that must be met in order for a person to work as an independent contractor rather than as an employee. These conditions mostly concern HOW the work is performed and WHERE it is performed. Generally, if the independent contractor does the same job as an employee, these conditions are NOT met. The work has to be performed independently, with one’s own equipment, not at the employer’s worksite, in a manner of the person’s own choosing, and without direction from a company supervisor.
Textbook: Principles of Economics
Author: Steven A. Greenlaw, David Shapiro, Timothy Taylor
This full solution covers the following key subjects: . This expansive textbook survival guide covers 37 chapters, and 1291 solutions. The full step-by-step solution to problem: 8 from chapter: 21 was answered by , our top Business solution expert on 03/16/18, 04:24PM. This textbook survival guide was created for the textbook: Principles of Economics, edition: 2. Principles of Economics was written by and is associated to the ISBN: 9781947172364. Since the solution to 8 from 21 chapter was answered, more than 280 students have viewed the full step-by-step answer. The answer to “What is the difference between being unemployed and being out of the labor force?” is broken down into a number of easy to follow steps, and 14 words.