workers who were previously unable to find a job can now make a salvageable living performing "gigs" on their own time. This opportunity provides a high earning potential, lots of flexibility (perfect for families and students, for example), and freedom from the dreaded 9-5 job. According to Recode, 30% of the U.S. workforce is currently self-employed, and those numbers are projected to balloon in coming years.On the other hand, though, the gig economy has effectively destroyed or replaced long-standing industries and impacted many payrolled workers in the process. Uber, for example, is putting the taxi industry on notice, while Airbnb is causing ripples for hotels throughout the country and the world.
The gig economy offers freedom, yes, but it also does away with things like job security, benefits, paid sick days, and pensions. This can create a tenuous environment for employees and can make things like retirement more precarious.
In most cases, the shifts or projects are flexible. A gig worker might have a day job where they work a traditional 9-to-5 job, and then a second “gig job” from 5-to-9 at night. Or, a gig worker might work multiple “gigs” to create a full-time job, but on a flexible or alternative schedule. Gig workers can also choose to work from 9-to-5.
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