Is The Gig Economy the Future of Work?

The number of U.S. workers engaged in the ‘gig’ economy continues to rise. In fact, a study by LinkedIn predicts that by the year 2020, 43% of the U.S. labor market will be made up of freelance and contract workers. And these freelancers do not just fall among the younger generation.

The gig economy has become attractive to older workers for a variety of reasons as well. Of course, technology plays a huge role in supporting this movement, but when we look to the other factors driving this shift, we can’t help but wonder if the gig economy is truly the future of work.

According to their studies, there are four driving factors making the gig economy so attractive:

Unemployment

The average duration has expanded from just 8.5 weeks in 1980 to 25.1 weeks in 2017.

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