Companies like Lyft and Uber are often thought of as the poster children of the gig economy, but in reality, it’s sweeping through every industry across the United States. The gig economy is an increasing portion of the labor market consisting of individuals who make their living off of short term contracts or freelancing work. While many of them own their own businesses, choose their own hours, and where they want to live, they often sacrifice one crucial thing…
The gig economy is expanding rapidly, but cracks within the model are beginning to show. Freelancers simply aren’t being paid enough, and benefits are rare. In fact, only 16 percent of freelancers and independent workers have a retirement savings plan. On top of that, an unsteady income makes it hard for workers to plan for the future. It’s estimated that freelancers only make $36,500 per year to the $62,700 by employees who are working a steady 40-hour workweek.
So, the gig economy is lacking stability. Something that has become even more important in today’s changing economy. So why do workers continue to take on these gigs? Research shows that it is simply because the bills need to get paid. 44% of people say they freelance because that’s how they make ends meet, and not because that’s what they want to do.
If you’re a freelancer who is ready for a steady job. NTG Staffing is here to get you the career you need to feel fulfilled. We focus on finding work that is MEANINGFUL to our clients. We can help you realize career opportunities that not only meet your stability requirements but your growth potential requirements as well.