How big is the gig economy
ID: #46332
Listed In : Business & Services
Business Description
The gig economy's size does not appear overwhelming, but its growth is remarkably rapid. In 2005, the final year of the BLS CWS before it lost funding, the bureau estimated alternative employment arrangements accounted for 10.1 percent of U.S. employment, which the authors noted was essentially flat when compared with the data for 1995. By Katz and Krueger's estimates, the share of the workforce included in alternative employment arrangements had grown to 15.8 percent by 2015. That's an increase of 9.4 million workers. Over the same period, the U.S. economy netted only 9.1 million new jobs. For More Brand Storytelling Video Marketing