Is the Gig Economy the Way of the Future?

What is a gig?

Just what it sounds like. A gig is a contract project, a short-term process, or a “aspect-hustle” as Uber loves to say. Gigs may be anything, however they tend to cluster inside the following areas:the arts (writing, image design, photography)non-public and domestic care (in-home healthcare, yard care, housekeepers, fitness trainers, barbers, hairdressers)construction (roofers) and professional trades sales (door-to-door work, real-estate, avenue vendors)secretaries and office assistance (non-public assistants, bookkeepers) transportation (ride-sharing, driving, and fabric moving/handling) Generally speaking, in case you engage within the gig economy, you’ll be categorised as an impartial contractor in the tax records.

Why do humans work gigs? Some want extra cash. Others create gigs out of pastimes that they haven’t efficaciously changed into full-time jobs. (Everyone desires to be a photographer, but few control to make ends meet with only a camera.) Many gigs are seasonal paintings: harvest, farmers markets, holidays, weddings, festivals, concerts. Still others (think of college students) flock to the gig economy definitely to benefit real-global experience—in order that they don’t must paintings gigs.

How many people work in gig economy jobs

A unique range is difficult to calculate. According to a 2016 document by Emergent Research and MBO Partners, there are 30 million full-time and part-time gig workers. This month, Upwork and the Freelancers Union calculated a lot higher: as many as 55 million, or 35% of the United States personnel. Intuit research from 2015 confirmed that 36% of the personnel takes element in facet jobs and that with the aid of 2020 it'll be 43%. The Department of Labor has plans to start measuring and reporting on the actual size this year.

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