By the numbers: The growing gig economy

As the gig economy expands, researchers are digging in to what it means for the American workforce. We’ve pulled together some of the most compelling numbers.

Tags: Gig economy
Published: August 29, 2019

Are you part of the nearly 40% of Americans who participates in the gig economy? It’s a growing sector, and becoming so ubiquitous to our way of working, many who gig don’t even know that their way of working has a special designation.

The gig economy is defined as work that isn’t consider permanent employment. This can include freelance, contract (long- or short-term), on-call or web/app-based employment that spans from graphic designs to on-call delivery workers (learn more about jobs in the gig economy here). Someone can gig full-time, or on the side for extra income.

As the gig economy grows, researchers are taking note, eager to understand how this type of work effects the economy overall. Below, we’ve highlighted some of the most compelling numbers gathered by national researchers.

 

Want to learn more about the gig economy? Continue reading in our special series.

 

Are you a member of the gig economy and want to learn more about how you can be better prepared? Make an appointment with a banker.

 

Sources:
https://www.entrepreneur.com/article/334272
https://www.gallup.com/workplace/240878/gig-economy-paper-2018.aspx
https://www.bankrate.com/personal-finance/side-hustles-survey-june-2019/