Companies Short Freelancers $4.7B in New York Last Year
New York seems to have a problem paying its freelancers. This issue is costing local freelancers around $4.7 billion a year, according to a new study by Rutgers University.
It’s a problem that affects 42 percent of the 900,000 independent workers in the Empire State. What’s worse is the average amount that companies withhold. The study concluded that companies that owe money, on average, are shorting freelancers $12,000 in back pay.
Of course, when this happens, freelancers have trouble fighting for pay because of their limited resources.
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