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The Congressional Research Service defines the "gig economy" as: the collection of markets that match providers to consumers on a gig (or job) basis in support of on-demand commerce. In the basic model, gig workers enter into formal agreements with on-demand companies to provide services to company's clients.
With 44% of the American workforce part of the gig economy, it’s no secret that traditional jobs are being reshaped by the flexible structures that gig work offers.
In 2020–21, the gig economy was estimated to employ 7.7 million workers, with a projected workforce of 23.5 million by 2029–30. The industry is expected to produce a revenue of $455 billion by 2024. [45] 47% of gig workers are employed in medium-skilled jobs, about 22% in high-skilled jobs, and about 31% in low-skilled jobs.
Temporary employment has become more prevalent in America due to the rise of the Internet and the gig economy. The "gig economy" is defined as a labor market characterized by the prevalence of short-term contracts or freelance work instead of permanent jobs. [7]
Government data on this group of workers is elusive. The last time the Bureau of Labor Statistics officially tracked workers with alternate job arrangements was 2017.
Unable to find full-time employment, many Americans are resorting to odd jobs to earn a paycheck. Explore some of the highest-paying gig economy jobs and the best apps and platforms for landing one.