The “gig economy” has developed in the modern market unexpectedly throughout the years. The Bureau of Labor Statistics didn’t give an exact number of how many independent contractors and contingent workers there is today but according to them, an estimated 34 percent of the workforce is represented by “gig” workers and by 2020, it will grow even more to 43 percent. But what exactly is the “gig economy”?
Gig Economy Definition
Instead of being a full-time employee, independent contractors and freelancers are hired by companies for temporary, flexible jobs. This is what the gig economy is all about. It is completely different from a traditional economy where full-time workers rarely change positions and typically work on a lifetime career. There is an increase in the availability of workers for short-term arrangements over the years. The internet greatly helped in giving more opportunities for gig-based worked as well.
Although the gig economy presents awesome potential especially for millennials who are just starting to create their own careers, it also offers few and more difficult opportunities. In this article, we will discuss the factors as to why you should and why you shouldn’t join the gig economy at the same time.
Why Should You Join The Gig Economy
Why You Shouldn’t Join the Gig Economy