Uncertainty In The Gig Economy

19 / 100

Since the Great Recession, gig jobs have been heralded as the economy of the future. The gig economy has only advanced with the implementation of smartphone technology, dramatically changing how people work and spend their money. The rise of the gig economy began after the 7.2% increase in unemployment following the Great Recession, spurring the demand for temporary and quick-starting jobs. In the decade since, the gig economy has expanded at an exponential rate, bringing us names that we all know such as Airbnb, Lyft, Uber, and Etsy. According to some estimates there are as many as 75 million U.S. freelancers, but are they still banking on gigs?

After a huge amount of the population jumped on the gig bandwagon, many were quick to realize that surviving as a gig worker was not possible. Gig workers are struggling with 60% unable to come up with $400 for an emergency bill. From 2014-2018, pay for even the most active participants dropped significantly. Increasingly, workers may have realized that gig jobs cannot replace traditional work. As the job market recovers from the Great Recession, the future of the gig economy remains uncertain. Learn more about the reasons of uncertainty in the gig economy from the infographic below. 

Uncertainty In The Gig Economy 1
Uncertainty In The Gig Economy 4
Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-2018. Follow Brian Wallace on LinkedIn as well as Twitter.

More from author

Leave a Reply!

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Celebrate the 2020 NBA Champions with LEBRON23

Uncertainty In The Gig Economy 6

Related posts



Latest posts

Why The Outside Of Your Business Should Look As Good As the Inside

Business owners face immense pressure in today's competitive environment to deliver outstanding services and goods while striving to keep their employees happy...

Things To Consider When Renting A New Office Space

If you’re on the hunt for a new office space but you don’t know how to begin your search then don’t worry,...

Benefits of Speeding Up Your WordPress Host [Infographic]

A faster website can improve your search rankings, increase your conversation rates, and improve user experiences. The way to achieve a fast-loading...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!