Gig economy demographics wage comparison of freelancing to employer jobs 2021 Sep 1, 2024 · The gig economy, characterized by flexible independent work arrangements, has witnessed explosive growth over the past decade. 5. Dec 1, 2023 · As in most other countries, the platform-mediated gig economy in South Africa has grown very quickly in just the last few years. Neha Arya describes the efforts taken by the CMIE to collect data on platform workers in the CPHS, and uses this dataset to describe the demographic composition of India’s gig and platform workers. Almost 60% of independent gig workers say their working conditions are flexible. Mastercard data reveals that the gig economy injects a staggering $1. Aug 28, 2024 · Discover key gig economy statistics revealing worker demographics, income, gender gaps and reliance on app platforms in 2023. Freelancers contributed $1. Platforms for sharing assets, including Airbnb and ride-sharing services like Uber , account for 88% of the gross volume of the global gig economy. And this is what respondents think: Jul 5, 2024 · Premium Statistic Number of jobs currently held by gig economy workers in the U. Photography Trends as a Side Hustle in the Gig Economy. By far, Gen Z is the most common age group for freelancers, representing 50% of all participants. The data include receipts for both gig and non-gig workers in the nonemployer universe. The top 5 best-earning Online panels are unlikely to be representative of the population. Analysis of the data suggests that the biggest driver in the gig economy across Florida is the Transportation and Warehousingsector. 1. Gig Economy Earnings Gig & Platform Sector i. Whether you freelance on the side to bring in some additional income or you do it as your main source of cash, freelancing and gig economy websites are useful for finding your next Benefits of the Freelance Economy Now we’ll take a look at statistics that illustrate the far-reaching benefits of this rapidly growing economy. Jun 27, 2023 · Introduction and Brief Background. 21. She suggests that maintaining high quality data is necessary to ensure Jul 18, 2023 · The Gig Economy Contributes $1. The gig workforce is expected to expand to 2. 5% of the UK’s male population are involved in the gig economy versus 14. Over 50% of the US workforce is likely to participate in the gig economy by 2027. Policy report The gig economy: What does it really look like? Contents 1 Introduction 2 2 Evolution of the gig economy since 2017 3 3 Self-employment, employment status and the gig economy 4 Nov 14, 2024 · The gig economy is increasing fifteen times faster than the traditional labour market, demonstrating its substantial influence on employment (Li, Citation 2023). At present about 47% of the gig work is in medium skilled jobs, about 22% in high skilled, and about 31% in low skilled Gig economy income _____ 26 Income generated through gig economy _____ 26 is a better reflection of the population. Sizing up the Gig Economy: Current Approaches and Estimates10 2. On top of that, many gig workers are able to work remotely, and remote workers have been shown to be up to 47% more productive than traditional workers. (4 pages) Feb 2, 2024 · The gig economy is a sector characterized by the prevalence of flexible part-time and freelance jobs instead of traditional full-time positions. Before we get too deep into the data, it’s important to define what the gig economy is. With the rise of technology and online platforms, a growing number of individuals are venturing into freelance and temporary work instead of traditional full-time employment. Aug 12, 2024 · U. Skilled remote freelancing grew in 2021 . S. Economy. The gig economy is composed of corporate entities, workers and consumers. This analysis will help us determine the true drivers in the rise of gig economy in Florida. 1 million people working in the sector. These sentiments seem to dovetail with broader criticism of the gig economy – that gig work does not adequately address issues around unemployment, healthcare and paid leave benefits. typical payment structure of people freelancing 2020; U. Let’s start by quantifying the size of the gig economy today: 36% of the US workforce, or 59 million Americans, participated in the gig economy in some capacity over the past year according to a 2022 Zippia survey. 84 per hour Aug 8, 2018 · The paper builds upon previous work undertaken by Prudential into understanding the gig economy, and attempts to understand how the nature of the sector impacts different people at different stages of their life. Impact of gender on gig economy. Men are 72% more likely to be a part of the gig economy. 1. Oct 21, 2021 · In this section, you will find information about the size and predictions for the gig economy and the demographics of the gig economy workforce. The gig economy is based on flexible, temporary or freelance jobs, often involving connecting with clients or customers through an online platform. com Oct 27, 2023 · Learn key statistics about the gig economy and associated trends. The Gig Economy—Definition . Jul 3, 2024 · Find the most up-to-date statistics and facts on the gig economy in the United States. 8%) of all UK gig economy workers were based in London, where almost half of the population (46%) have an ethnic minority background. The 330,000 new jobs added last month is a sharp deceleration from the 680,000 added in June and the lowest total since February ( ADP ) — many part of the gig workforce. Abraham, University of Maryland John C. In the . Census data. 2012-2020 Salary requirements of freelancers to return Jan 13, 2025 · global Gig Economy Market size was valued at USD 556. Rather than primarily relying on traditional 9-to-5 in-office employment, today many businesses and individuals are embracing the gig economy. 18% over the forecast period (see Fig. 52 million in the financial year 2012. 10. Explore age, race, ethnicity, income, and gender trends in the diverse gig workforce. Sep 2, 2024 · Gig Economy Statistics 2025: Key Findings. 28 trillion into the U. Twenty-nine percent of the population in major urban conurbations in England were also ethnic minorities. This figure attests to the economic power of the gig economy, cementing its position as a core component of the national economy. 4 %âãÏÓ 10392 0 obj > endobj xref 10392 327 0000000016 00000 n 0000014155 00000 n 0000014342 00000 n 0000017701 00000 n 0000017853 00000 n 0000017980 00000 n 0000018096 00000 n 0000032970 00000 n 0000048322 00000 n 0000064000 00000 n 0000064127 00000 n 0000064254 00000 n 0000064385 00000 n 0000064712 00000 n 0000066484 00000 n 0000066602 00000 n 0000066756 00000 n 0000067000 00000 n Jul 6, 2023 · According to gig economy statistics, the United States, India, and China account for the highest number of gig workers in the world. %PDF-1. [2] The Internal Revenue Service defines the gig economy as "activity where people earn income providing on-demand work, services or goods", noting that the activity is often facilitated through a digital platform such as a mobile app or website and earnings may be in the form of "cash, property, goods, or virtual Dec 15, 2021 · The rise of the gig economy has touched off wide-ranging debates about its impact on workers. Gig Economy, also referred to as “crowdsourcing”, the “sharing economy” and the “collaborative economy”, is where the individuals can market their skill sets (in both unskilled labour market and as skilled professionals) and sell their services online on different platforms or companies. 35 crore (23. Jul 24, 2024 · In its report, the government wrote that “while gig work can open up meaningful opportunities for some workers, others feel condemned to the gig economy, due to limited prospects in the Experts believe that the gig economy of the UK will grow 300% in the next three years. About 31% of men have made money through the gig economy at some point, compared to 18% of women. 71 in 2025. 94 million self-employed people in the US as of January 2023. Oct 23, 2024 · To learn more about this booming industry, check out the following must-know gig economy statistics. Here are some key statistics: Nonemployer statistics data, created by the Census Bureau from tax data provided by the Internal Revenue Service (IRS), offer another possible look at what’s been happening in the gig economy. The demographics and motives of the task-oriented gig economy suggest that gig work is here to stay. Our analysis of the nonemployer statistics across the entire economy suggests that some 86 percent of Dec 11, 2019 · Workers aged 25 to 54 are 64% of the nation’s overall workforce, but they’re an even bigger share of gig economy workers (71%). Almost 40% of those who are employed in the gig economy as a secondary source of income have an Anxiety Score over 50. This report represents the results of a survey sponsored in part by PayQuicker, LLC. Projections for Gig Work in India 24 2. Related: A Closer Look at Gig Economy in India Nov 1, 2024 · This site contains statistics which provide insight into a worker's choice to participate in the Gig Economy. 19. 18%. Is gig work good for the economy? Gig work is good for the economy because it offers flexible, part-time job opportunities. Unlike other countries, where the freelancer population tends to skew younger, professionals of all ages in the US are drawn to the gig economy. The next important thing to analyze is change in the gig economy workforce across different industries over the last decade. Nov 2, 2020 · A terminological shift from the expression gig economy to platform work and from gig worker to platform worker can be observed in European publications [Kilhoffer et al. com Oct 12, 2022 · Global Gig Economy Statistics Although the United States is one of the largest markets and customer bases for gig labor, gig employment is popular worldwide. Donovan, Bradley & Shimabukuru (2016) stated that the gig economy is a collection of markets that match providers to consumers on a gig (or job) in support of on demand commerce. Sep 27, 2023 · Although India has emerged as a leader in digital labour market platforms, there is a dearth of data about the gig economy. Continued Expansion of Gig Work. 4. Global gig economy statistics. The portion of receipts attributed to gig worker earnings is unknown. In our 2022 Gig Economy Report, we provide an overview of how workers in the gig economy are currently classified in a number of prominent member states of the European Union, including Ireland, and in the United Kingdom. Chapter 2: The Gig Workforce in India: Estimates and Projections10 2. Among all gig workers women make up around 46. In this aggregation of freelance statistics, we will examine just how entangled these Hence, it is clear that Sri Lanka’s gig economy is still growing and it serves mainly as a secondary income source for people. 6. Nonemployer statistics data, created by the Census Bureau from tax data provided by the Internal Revenue Service (IRS), offer another possible look at what’s been happening in the gig economy. Therefore, as with any other industry or job, the gig economy should also be regulated. Statista - Projected Gross Volume of the Gig Economy From 2018 to 2023. 9. This analysis will help us determine the true drivers in the rise of gig economy in Illinois. Dec 29, 2024 · Speaking to Bernama in an interview recently, Monash University Malaysia’s Department of Econometrics and Business Statistics senior lecturer Dr Nur Syazwani Mazlan said the gig economy’s expansion is a positive indicator of economic dynamism and the potential for further growth in the coming years. Indeed, in the U. 8 million workers employed in the sector during the financial year 2020 as compared to 2. Aug 22, 2023 · Gig economy statistics. See full list on financesonline. How big is the gig economy? The answer depends on how you define “gig economy. 2 trillion to the U. Delivery driving takes the top spot as the most popular gig category Americans are applying for, with 105. 6% by the expanded definition which includes discouraged work seekers (Statistics South Africa, 2023). Jul 27, 2024 · This blog explores the key trends in the gig economy for 2024 and provides insights into what these changes mean for the future of work. Nov 1, 2024 · 2020 Census 2026 Census Test 2030 Census American Community Survey (ACS) American Housing Survey (AHS) Annual Business Survey (ABS) Annual Integrated Economic Survey (AIES) County Business Patterns (CBP) Current Population Survey (CPS) Economic Census Household Pulse Survey International Programs Metro and Micro Areas Population Estimates Jan 24, 2023 · The latest gig economy statistics tell us that times aren’t just changing — they’ve already changed. Today, the gig economy is fueled by apps and online gig platforms that connect freelancers with work opportunities. 94 million self-employed individuals in the US. ii. Aug 13, 2019 · The most popular gig categories. 28 Trillion to the U. A key enabler for the fast rise of digital labour platforms in South Africa is the very high official unemployment rate, which in the first quarter of 2023 stood at 42. Mar 19, 2024 · The Gig Economy is Growing at a Staggering Rate. Persons aged 18-34 are more likely to work within the gig economy. Every month, one out of seven adults in the country do a gig job. And, there’s no doubt that the contribution of gig workers to the economy will continue to increase. House of Lords Library Briefing I Gig Economy: Introduction focus from the “precarity” of the gig economy’s short-term and unpredictable nature. The Gig Economy and Florida's Workforce System; Gig Economy Resource Guide Jan 16, 2025 · Key Gig Economy Statistics for 2025 - Editor's Choice More than 90% of US workers would consider freelancing or independent contracting work. Jan 5, 2024 · 16. May 25, 2023 · Gig Economy Statistics: Gig Economy Trends 13. The gig economy is a market built on short-term contracts or freelance work rather than permanent jobs. Based on the numbers presented by the Office for National Statistics, 4. wage comparison of freelancing to employer jobs 2021 Apr 12, 2020 · The gig or sharing economy’s projected growth is around $2. According to the NITI Aayog report on India’s booming gig and platform economy, the gig workforce is expected to expand to 2. Anything Jul 31, 2024 · In terms of racial demographics, the gig economy generally reflects the composition of the workforce at large. Dive into the rapidly growing gig economy through statistics covering freelancer demographics, income levels, gender gaps, and the future of flexible work arrangements. , 2018). The gig economy trends to experience robust growth. Comparative analysis of gig economy and employment datasets for small businesses suggest a dramatic shift in how working population in California work: 32% of the small business workforce work as independent workers. 4% of the British population is part of the gig economy workforce and in the next five years, the percentage could reach 75%. The survey, which was conducted in April 2023, is a component of the years-long Ultimate Gig Research Project, a program dedicated to empirically and systematically assessing trends in the “gig economy” to inform and improve both business and public policy-related Oct 12, 2023 · We found that a quarter (24. Much of the gig economy jobs come from the world’s western countries like the United States, Canada, Australia, New Zealand, Germany, and the United Kingdom. Sep 20, 2024 · Since then, the gig economy has grown into a force to be reckoned with, and the new COVID-19 reality feels like a good moment to have a closer look at the gig economy statistics. Jan 8, 2023 · Friday was the first time Statistics Canada released data on gig work — which it characterizes as “short-term tasks, projects, or jobs, with no assurance of steady employment” — signalling its growing role in the economy. 2017 The next important thing to analyze is change in the gig economy workforce across different industries over the last decade. Understanding the statistics behind this trend is of great value for employers, employees, and businesses adapting to this new way of work. The Asset-Sharing sector contributes $62B and is the second-largest contributor. The Gig Economy Dashboard summarizes data from national sources including the U. Sep 4, 2024 · Gig Economy: Statistics, Why is it growing, Pros & Cons, Impact of Covid 19. Working in a gig economy Information on the gig economy from the Bureau of Labor Statistics. 314 applications. It gives you the opportunity to find on-demand jobs, make some extra money and have full control of your freelance career. (2023) The gig economy: What does it really look like? London: Chartered Institute of Personnel and Development. 7% of GDP in the U. , 2019). Undeniably, the spreading of the gig economy is a worldwide phenomenon and the number of participants is significant in Aug 23, 2022 · A sample of 25,062 adults aged 18 and older from the continental United States, Alaska, and Hawaii was interviewed online in English and Spanish. economy in 2020; Freelanc ing makes up 5. By definition, the gig economy is a system of temporary, short-term, or contract positions for which companies employ freelancers or contractors. The survey aimed to capture a national, comprehensive picture of gig work, asking about demographics, job characteristics, and economic security. Apr 5, 2024 · Gig economy is described as an emerging market often facilitated by digital platforms or mobile applications that are common in short-term, freelance, or temporary employment opportunities. Moreover, compared to non-freelancers, independent workers are better equipped to weather the coronavirus storm. Haltiwanger, University of Maryland Kristin Sandusky, U. Gig Economy Workers: The Gig Economy Is Here To Stay. 4% of the American workforce is made up of gig workers. Learn More. Oct 11, 2024 · 2024 Gig Economy Statistics: 10 Key Facts on Workers, Income, Gender Gaps; 10 Entrepreneur Statistics to Start Your Own Business (2024) OpenAI Statistics 2024: Funding, Users, Adoption & Impact; 10 Skillshare Statistics You Should Know 2024 Aug 2, 2023 · The gig economy refers to the workforce of people engaged in freelance and side-hustle work. Panel members are first invited to participate Nov 29, 2022 · How big is the gig economy workforce in California? 32% of the small business workforce in California work as independent workers. Only 24% of those who are employed (but not in the gig economy) have an Anxiety Score over 50. By surveying both gig workers and W-2 service sector workers, the study yields comparative analyses of wages and insecurity across these groups. Gig economic activities can influence many economic and social indicators of a country by providing opportunities for workers. The number of gig "businesses" according to the respective industry sectors is exhibited in the table below. Several gig economy articles show that over 80% of major US-based companies would significantly increase their use of non-traditional jobs in the coming years. Many gig workers fit the Census definition of a nonemployer: in most Aug 24, 2021 · Gig Economy Demographics. Varying from delivering groceries and take-aways to furniture, delivery driving gig work allows Americans to earn an average of $17. 2012-2020 Salary requirements of freelancers to return Nov 18, 2024 · Satisfaction of gig economy workers with independent work U. There will always be people who want or need supplemental income due to short-term circumstances, such as the recent government shutdown , or to long-term issues, such as income instability or disabilities that interfere with working a 9-to-5 job. economy. Photography Side Hustle Trends in the Gig Economy. 1% of British women. 3. There was a 78% spike in earnings from Q2 2018, by far the highest in the world. Analysis of the data suggests that the biggest driver in the gig economy across Illinois is the Transportation and Gig Economy Statistics to Know [2025] The gig economy has transformed the way we think about work and employment. 12. Who benefits from a gig economy? Demographics: Who works in the gig economy? An analysis of gig workforce demographics in the UK shows that men are more likely to undertake gig economy jobs than women. Nov 8, 2024 · According to the Gig Economy Business Report (2024), global gig economy business was worth US$355 billion in 2021. 2021 Share of full-time independent workers who prefer a traditional job U. and Willmott, B. The ‘gig’ economy is a relatively new concept with no fixed definition, but it can be understood as a remunerated trade for labour and intellectual property on a flexible, short-term contractual basis facilitated by digital platforms (Lepanjuuri et al. Here are 10 gig economy statistics that every entrepreneur should know and understand. ; Around 16% of Americans have earned money through online gig platforms, and about 9% have received income from Online gig work. collar work, Indian gig-workers occupy largest market share in software development and technology occupying 55 per cent of the global market share. 36% of US workers are involved in the gig economy. It offers workers and employers flexibility and the number of Canadians in non-traditional, short-term work arrangements is increasing. Business of Apps - Uber Revenue and Usage Statistics (2023) 11. 2012-2020 Salary requirements of freelancers to return Aug 21, 2019 · How Big is the Gig Economy? 6 1) How many workers participate in the gig economy? 2) How many jobs? 3) How has this changed over time? 4) Is gig employment large enough to matter for measures of employment? 5) Do we get the same answers from household survey data, business data and tax data? Aug 27, 2024 · The gig economy, a labor market where freelancing or short-term contracts are more common than permanent positions, has grown significantly on a global scale in recent years. More tellingly, each one is entangled with the other. The analysis projects that the market will expand rapidly to reach US$1,864. Feb 7, 2021 · • Gig economy is a labour market characterised by the prevalence of short-term contracts or freelance work as opposed to permanent jobs. While gig work (which broadly comprises work delivered on-demand with little to no formal contracting) has been around for a Cockett, J. Gig economy workers are less likely than the average worker to be under 25 or older than 55; however, there are likely demographic variations depending on the industry and nature of the work. Spletzer, U. Jan 14, 2020 · A new post on the Gig Economy Data Hub reviews state-level data sources that are available and suggests additional strategies that policymakers can use to improve data for their jurisdictions. Census Bureau James R. 16 billion by 2031, growing at a compound annual growth rate (CAGR) of 16. 30% of younger US adults (ages 18-29) have made money through gig work at some point. Employment, GDP, and Employment Growth in India 18 2. In the gig economy, photographers have access to a global marketplace, allowing them to choose projects they are passionate about. An estimated 16. Feb 16, 2023 · Gig Economy Statistics FAQ. 7 billion in 2024 and is expected to reach USD 1847 billion by 2032, growing at a CAGR of about 16. in 2018 Premium Statistic Ease of getting a mortgage among gig economy workers in U. Many gig workers fit the Census definition of a nonemployer: in most cases, a self-employed individual operating a very small, unincorporated business Those in the gig economy are much more likely to have a high Anxiety Index score than those in traditional employment. In fact, it’s estimated that millennials will make up 75% of the global workforce by 2025. demographics Current Population Survey (CPS) Contingent Worker Supplement (CWS) The Gig Economy Data Hub is a partnership between the ILR School and the Future of ages joining the gig economy, it’s clear that it isn’t only for young professionals anymore. 2 Estimating the Gig Workforce: Methodology 12 2. 8%, or $117B. 5 million) workers by 2029-30. At present about 47% of the gig work is in medium skilled jobs, about 22% in high skilled, and about 31% in low skilled The share of Bank of America customers who received income from gig platforms through direct deposits or debit cards was above 3. Dec 13, 2018 · Everyone is talking about the gig economy. , 2019], which becomes Mar 31, 2023 · This data is according to gig economy statistics 2023 on the future of gig employment. There are 9. Aug 1, 2018 · The gig economy has undoubtedly been one of the biggest trends to affect the workforce in the past few years. As the gig economy continues to grow fast, it is taking shape as a significant part of the labour market (Wood et al. Jan 3, 2022 · A new era for the Talent Management & Engagement for the Future of Working Gig Economy: Definition, Statistics & Trends [2021 Update] @Macel Duszynski Gig Economy: Definition, Statistics & Trends Measuring the Gig Economy: Current Knowledge and Open Issues Katharine G. 8% in March 2024, surpassing the previous peak that occurred in early 2022. Gig economy can be described as an economic activity related to short-term, project-based and outcome-defined work. Spinning plates balancing on long poles against a light blue background. Gig workers (or platform workers) offer their Jun 1, 2022 · The surveys included modules on demographics, job characteristics, and economic security issues and resulted in a sample of 288 gig worker respondents, which we call the gig worker sample, and 4,201 service-sector employees, which we call the W-2 service-sector sample. Freelancers Contribute to the Economy. As traditional nine-to-five jobs continue to wane, freelancing is fast becoming a mainstream career choice offering unparalleled autonomy. Almost half (47%) of gig workers in the US have full-time jobs. To better reflect the population of the United States as a whole, post hoc weights were made to the population characteristics on gender, age, race/ethnicity, education, region, and metropolitan status. (Gallup) (Nation 1099) Various gig economy workers statistics reveal that over a third of the US workforce has been involved in gig work to some Aug 30, 2024 · Whether you want to be in the gig workforce full-time or part-time, these statistics will give you some insight into what the freelance economy looks like: There are over 59 million freelancers in the United States as of 2021. Slightly more men are Aug 12, 2024 · The gig economy, characterised by digital platforms offering flexible and on-demand work opportunities, has emerged as a transformative force in India’s employment landscape. The study estimates that in 2020-21, 77 lakh (7. Mar 21, 2024 · Key Gig Economy Statistics. In fact, the gig economy offers solutions not only for the unemployed but Mar 20, 2019 · In the United States, where a proliferation of platforms like Uber, Lyft, and Airbnb has led to the rise of the gig economy, a growing population of U. Census Bureau Federal Economic Statistics Advisory Committee June 8, 2018 1 Dec 12, 2023 · The number of gig workers in India showed a steady increase, with 6. 2 Feb 10, 2023 · Gig economy statistics are important because they provide hard evidence on the state of the gig economy. adults who earned money through gig platform work 2021, by type of work; U. The global gig economy generates $204 billion in gross volume. Perhaps unsurprisingly, the analysis found that people use the gig economy very differently at the various stages of their life. There were 9. The gig economy denotes a free market system based on short-term work arrangements between companies and independent workers. 1 2 55+ 45-54 35-44 25 Oct 9, 2024 · 53% of full-time gig economy workers participate in political activities, compared with only 34% of full-time non-freelancers. Dec 8, 2021 · Nearly half of recent or current gig workers (46%) say companies have been unfair when it comes to their benefits, while half believe they have been fair. 76% of gig workers say they are very satisfied with their choice. Jan 8, 2025 · Cutting-edge technologies from virtually every field, revolutionary digital transformation processes, an unheard-of rise of the freelance-based economy, and the ferocity of a raging COVID-19 pandemic are shaping the world economy in unprecedented ways. iii. Aug 7, 2024 · Legal & General - New Legal & General Study on U. An Upwork study into the state of the gig economy and freelancing in 2021 found 53% of all freelancers provided skilled services like marketing, computer programming, business consulting and IT in 2021, an increase from 50% in 2020. Understanding the statistics of the gig economy in Canada is important to employers as well as to anyone participating or […] Oct 24, 2023 · Gig Economy Statistics by Demography. Apr 24, 2024 · The gig economy, characterized by temporary or flexible jobs, is an increasingly significant part of the global economy. While some credit these platforms with providing greater freedom and flexibility, others have raised concerns about perceived racial biases in customer rating systems as well as the lack of legal protections available to a workforce that Hispanic Jul 5, 2024 · Satisfaction of gig economy workers with independent work U. Jun 17, 2024 · The gig economy raises questions about employee classification, legal protection, taxes or rights, and fair treatment. 7 million) workers were engaged in the gig economy. Discover data on gig worker roles, income, and leading industries. Nov 28, 2024 · Here are some key statistics about the global gig economy and gig workforce to consider: 31. alone there are an estimated 1. Apr 15, 2023 · Upwork statistics show that the number of independent workers is growing three times faster than the total US working population, which indicates a bright future for the gig economy. Dec 22, 2024 · Gig Economy Statistics—Developing Economies. Aug 16, 2023 · Discover the demographics of gig workers in the dynamic gig economy. The average hourly rate for a freelance worker in the North America is currently $47. Oct 24, 2024 · The gig economy has been transforming the landscape of work and employment in Canada in recent years. 82% of gig workers say they are happier working on their own. However, the rise in competition and the need for constant self-promotion can make it challenging. workers are choosing flexible gig work Literature Review. The gig economy can benefit workers, businesses and Jul 5, 2024 · Satisfaction of gig economy workers with independent work U. Job Security and Satisfaction in the Gig Economy Statistics. 7 trillion by 2025 and has clearly facilitated the expansion of micro-entrepreneurship opportunities since sharing platforms contribute 450+ Gig Economy Statistics: Demographics, Size, Benefits & Future Trends marketsplash. 10 per hour in their spare time. As of 2024, gig workers make up approximately 25% of the global workforce, a significant increase from previous years. These findings point to interesting differences between gig only, supplemental gig, and traditional workers, but the data is not able to speak to the prevalence of these arrangements. Becker Friedman Institute - The Evolution of Platform Gig Work, 2012-2021. Oct 13, 2016 · The gig economy, as reflected by nonemployer firms, is significant and growing fast. 5% [2]. Gig & Platform Sector i. K. Do age, gender, and other demographic factors affect the gig economy? Let’s find out through these gig economy statistics. Census Bureau and the Internal Revenue Service and provides an analysis of the pre-pandemic growth of gig work in Florida by county and industry. ” Because there is no broadly accepted definition and no straightforward way to classify workers or jobs as “gig” or “not gig,” we choose to focus on one sector we know has grown because of gig-enabling technologies: ridesharing. While there is a deficit of official government data on the gig economy, there are many statistics from other sources, such as universities, think tanks, gig platforms, consulting firms and financial publications, about gig work's significant influence. Gig economy defection and key statistics . Notes: These industries were selected based on the 2017 NAICS manual. Of these gig economy sectors mentioned above, according to gig economy statistics, the Transportation-Based Services contribute the major share of Gross Volume of 57. The lowest contributor to the gig economy was the Mining, Quarrying, and Oil and Gas Extraction sector with just 545 gig workers across New York. 8 | Unlocking the Potential of the Gig Economy in India GIG: NOT A NEW CONCEPT IN INDIA BUT GROWING ADOPTION WITH THE RISE OF TECH ‘Gig economy’ is among the most widely used terms in the business world today. 36% of freelance workers report a decrease in demand for their skills and services in 2022 Massage therapy was the highest paying type of work in the US gig economy at an average of $27. We also question the tax treatment of gig workers in all countries. 5 The gig economy is often discussed along with other working and economic practices enabled by digital technology, including the ‘sharing economy’ and the ‘platform economy’. 1 ). Estimate of Gig Workers 19 2. However, temp or on-demand workers tend to comprise a larger proportion of Hispanic, Latino and African American populations, while those working as consultants or freelancers are more often white.
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