Can You Make a Living Wage in the Gig Economy?

gig economy

The global pandemic was a crushing blow to millions of people in the workforce that lost their jobs nearly overnight. Entire industries may never be the same again. On the other hand, there have been opportunities abound in the rapid growth of the gig economy at the same time. Instacart, for instance, hired hundreds of thousands of new workers. In the broader context, over the last 6 years, the gig economy has doubled in size, and last year alone, 2 million Americans tried out gig work for the first time ever. Of the current American workforce, 34% of them are presently involved in the gig economy. It is estimated that by the year 2027, nearly half of the United States population will have engaged in gig work.

That being said, can you really get a living wage when it comes to the gig economy? There is a great degree of flexibility, higher pay, and better quality of life. The opportunities are there if you know where to look. Information is power: put yourself in the know, and match your talents to all of the different industries that are emanating from the influx of gig work. Learn more in the visual deep dive below:

How The Global Pandemic Transformed The Gig Economy