Americans are working differently than they used. Our country is known for being a land for entrepreneurs. It’s a place where we can dream of owning our own business and being our own boss, and many of us do just that. However, another way of accomplishing the goals of calling the shots as far as schedule, type of work, and flexibility, is through gig work.
Particularly since the onset of the COVID pandemic, the gig economy has gained a lot of traction and economists predict that over half of all Americans will have participated in gig work within the next 6 years. In 2020, as businesses were forced to lay off employees or to close completely, and as demand for delivery and home services increased exponentially, the gig economy saw a growth of 33%. This means that it grew 8.25x faster than the US economy as a whole.
With the unemployment rate rising to 14% during the height of the pandemic, 12% of Americans took to gig work for the very first time. Naturally, delivery services is one of the fastest-growing avenues for gig work and this vertical is expected to reach a value of $200 billion by 2025, with a growth of 10.3% every year.
Gig work may not be exactly like owning your own business, but with workers reporting better quality of life, higher pay, flexibility, and more opportunities, it certainly gives many of the perks of being your own boss with out all the hassle of owning your own business.