In 2018, US independent workers spent a billion hours per week freelancing.
If the gig economy keeps growing at its current rate, more than 50% of the US workforce will participate in it by 2027. 86% of freelancers think the industry has an even brighter future ahead of it, despite the health crisis. 10% of the US workforce was forced to pause freelancing because of the global health crisis. 12% of the US workforce started taking freelance jobs during the pandemic. About 36% of US workers are part of the gig economy. We’ve compiled some interesting gig economy statistics to paint a better picture of what work looks like nowadays. This provides even more flexibility for both freelancers and clients. The rise of this economy is closely connected to advances in technology and the trend of working remotely as so-called digital nomads. In this economy, workers have temporary or part-time positions, allowing them to frequently change employers or work for several different businesses at the same time. The ‘gig’ part of the name refers to the dominant model of work in this economy, where workers are employed and paid per job or project. So, how can we define the gig economy? Broadly speaking, the gig economy is a free-market system in which companies look to work with independent contractors or freelancers as opposed to hiring full-time workers. This is often referred to as the gig economy. We’re witnessing a massive shift from traditional work and full-time employment to freelancing, working part-time, and independent contracting. The proliferation of freelancing and gig work - especially through major gig economy employers such as Uber, Lyft, Turo or Fiverr - shows this. Nowadays, it’s increasingly common to piece together an income from several different sources and work when you want, not when your boss tells you to. Gone are the days of working from nine to five in a cradle-to-grave job. The latest gig economy statistics tell us that times aren’t just changing - they’ve already changed. DEFINE GIGECONOMY SOFTWARE
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