Is the gig economy largely hype?
UpWork went on to predict that freelancers would form the majority of the workforce in the United States within a decade, but a recentby the Center for Economic and Policy Research and the Economic Policy Institute pours scorn on such suggestions. Indeed, they argue that little has really changed since Pink made his prediction all those years ago.
“Despite the ubiquity of Uber and Lyft drivers in our major cities, the gig economy does not currently hold the key to the future of work,” the authors say. By contrast, gig workers in Gen-X and Baby Boomer generations were much more likely to enter into gig work because of circumstances outside of their control. This then contributed to a general sense of dissatisfaction with their circumstances among Gen-X gig workers, who were much more likely to prefer to move back into a traditional, full-time job.
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