Devan S
- Research Program Mentor
MS at South Dakota State University
Expertise
Economics, Business, Finance, Investments
Bio
Hey there! I’m Devan Schaefer, an economist with a passion for uncovering the forces that drive our economy. I hold both a B.S. and M.S. in Economics from South Dakota State University, where I discovered my deep interest in the relationship between industry clusters and wage dynamics. It’s fascinating to explore how interconnected businesses can influence labor markets and regional growth. In addition to my work in economics, I’m a freelance writer for the Dakota Institute. I enjoy analyzing and communicating complex economic trends across the U.S. and South Dakota, helping readers better understand the world around them. Writing allows me to merge data with storytelling—bringing clarity to economic issues that impact our everyday lives. I also serve as an adjunct instructor at South Dakota State University, where I teach a course called Money and Banking. In class, I guide students through the intricacies of monetary policy, foreign exchange markets, and bank regulation. Teaching gives me the opportunity to mentor the next generation of thinkers and help them see the practical side of economics in action. Outside of work, I enjoy spending time on the golf course, staying active through weightlifting and pickleball, and diving into a good book whenever I can. Whether it’s engaging in thoughtful analysis or enjoying a competitive match, I find energy in both intellectual and physical pursuits. To sum it up, my academic journey has been all about exploring my love of economics, with a particular focus on understanding how clusters impact wages. I'm also passionate about writing and bringing economic ideas to a wider audience. And I can't wait to share my knowledge and mentor students who are interested in research. It's going to be a blast!Project ideas
The Gig Economy and Labor Market Implications
The research project titled "Gig Economy and Labor Market Implications" intends to explore the effects of the gig economy on traditional labor market dynamics and its impact on worker welfare. The gig economy is characterized by short-term contracts and freelance work, and it has become increasingly popular in recent years, changing the way people engage in economic activities. This study aims to identify the economic implications of this emerging labor market trend, highlighting its benefits and challenges. The project will conduct a comprehensive literature review to examine existing studies, theories, and debates about the gig economy and its effects on the workforce. By analyzing data from various industries and regions, the research will investigate the extent of gig work's growth and its influence on wages, job stability, and employment opportunities. The objective is to explore how the rise of gig work is changing traditional employment patterns and whether it has created a more dynamic or precarious labor market. The study will use qualitative research methods such as interviews and focus groups, in addition to quantitative analysis, to gain insights into gig workers' experiences, motivations, and job satisfaction. This will provide a comprehensive view of how gig work affects worker well-being, work-life balance, and overall job satisfaction. The primary objective of the project is to identify potential policy responses that can address any adverse labor market consequences arising from the gig economy. By examining the advantages and disadvantages of gig work, the research aims to propose evidence-based policy recommendations to enhance worker protection, ensure fair wages, and promote a supportive work environment. Overall, the study seeks to provide valuable insights into the gig economy's role in shaping the future of the labor market. Policymakers, employers, and workers can make informed decisions by understanding its implications to foster a more inclusive and sustainable workforce in the evolving economic landscape. The research findings will contribute to the ongoing dialogue surrounding the gig economy's impact and provide a foundation for future policy interventions and research in this critical area of study.