Impact of Growing Practice of Hiring Freelancers on Wages and Retirement Adequacy
Mdm Speaker, we have not done a comprehensive analysis. However, if you look at, for example, home ownership, between the freelancers versus the full-time employees, there is no significant difference in the rate of ownership. For the freelancers, we may ask them through informal surveys, "How do you prepare for your housing and retirement?" They will say, "Look, since I do not contribute to OA and SA, I have saved for it myself." If you ask the taxi driver, "Do you save enough to pay for your housing?" He will say, "Yes, I have." "Are you saving enough for your retirement?" He will say, "Yes, I am." This is based on the present situation.