Why the gig economy doesn't work for everyone

Why the gig economy doesn't work for everyone

This article outlines the growth of the gig economy in the US and how individuals have different feelings about it and the pay versus flexibility.

Key findings

There are 12.5 million people that are considered independent contractors in the United States. Representing 8.4% of the working population.

From 2005 to 2015, 3 million people became freelance workers.

Arguments for freelancing goes back and forth, individuals do not qualify for paid time off or benefits, but they are effectively their own bosses and can make their own schedule.

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