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The rise of the gig economy has been a major disruptive force in the workforce, and there are both benefits and drawbacks to this trend.

On the positive side, the gig economy has made it easier than ever to find temporary work, and freelancers can often secure engagements with just a few clicks.

This flexibility is a major selling point for many workers, as it allows them to choose when and where they work. However, the gig economy also has its downside.

For instance, gig work is often less stable than traditional employment, and workers may find themselves without any assignments for extended periods of time.

In addition, gig workers are typically not eligible for the same benefits as full-time employees, such as health insurance and retirement plans.

Despite these issues, the gig economy continues to grow in popularity, and it is likely that it will continue to have a major impact on the workforce in the years to come.

Key Gig Economy Stats and Trends

  • It is more secure than traditional employment for more than two-thirds of full-time gig economy participants
  • The demand for freelancers’ services has decreased by 31.63 percent in the last year.
  • The US economy benefits from the $1.21 trillion generated by gig workers.
  • By 2023, the total value of the gig economy is expected to reach $455.2 billion.
  • According to a 2021 survey, 20% of people are considering working as self-employed individuals.

Global Gig Economy Statistics

Over ninety-seven percent of Mexicans and Indians are open to working as independent contractors. 
90% to 94% of people in Australia, Italy, the United Kingdom, and Spain are willing to work as a freelancer.
An estimated 93 million people of working age in Europe and the United States are self-employed.
Between 2016 and 2019, the UK’s gig economy grew by 4.7 million people or more than twice its previous size.
From 7.7 million to 9.6 million, the EU’s independent workers increased by 24 percent between 2008 and 2015.
In mature economies, 3% to 10% of workers reported using gig platforms as a secondary source of income; in some developing countries, more than 30% reported doing so.

Gig Economy Size Stats

More than 57 million gig workers make up 36% of all US employees, according to the most up-to-date and reliable data.
The majority of temporary workers in the United States are women, 63 percent to be exact.
Freelancing has been tried by 162 million people in Europe and the United States.
Over eighty-five percent of employees in six percent of U.S. businesses are self-employed gig workers.
An estimated $455.2 billion will be generated by the gig economy on a global scale by 2023.
According to a 2019 Mastercard study, the global gig economy generated $204 billion in gross volume.
According to an Intuit report for 2020, between 25 and 30 percent of the US workforce will be contingent.

Popular Sectors and Types of Gig Work Stats

Massage therapists in the United States make the most money in the gig economy, making an average of $27.84 an hour.
About 40% of those who became self-employed this year say they found new clients through online marketplaces for products and talent.
Consulting services are offered by 45 percent of freelancers.
Gig workers also enjoy working in the construction industry.
By 2023, the demand for gig workers in manufacturing and field services is expected to reach 88%.
Support services and corporate personnel are expected to be in high demand, with a 94% increase in demand.
72 percent of projects in professional services and large corporations are handled by a flexible workforce.
The gig economy accounts for 58% of all transportation-related jobs worldwide.
In addition, accounting, legal, finance, professional advisory services, and IT are seeing a rise in the number of gig workers in these industries.
The number of jobs available in the gig economy is second only to the number of full-time positions.

Gig Work During COVID Stats

The coronavirus pandemic has resulted in the loss of work for 62% of gig economy workers worldwide.
More than a quarter of workers in the global gig economy say their hours have decreased.
About two-thirds of freelancers say their workload has remained the same.
As a result of the coronavirus outbreak, the furniture removal industry has seen the largest hourly rate increase (54%).
Some other industries that have seen a significant increase in hourly pay rates include warehouse labor (46%); handyman (42%); carpenter (13%); and security guards (6%), among others (14 percent ).
Since the beginning of COVID, nearly half of hiring managers have used more web, mobile, and software development freelancers.
During the pandemic, 12 percent of the workforce in the United States began taking on freelance work.
The global health crisis forced 10% of the US freelance workforce to put their projects on hold.
At the beginning of the COVID-19 pandemic, 52% of global gig economy workers lost their jobs as a result of the economic downturn.
As of 2020, there were 34 percent fewer part- and full-time gig workers who rely on customers for the bulk of their income.
Freelancers have a leg up on their non-freelance counterparts when it comes to the current pandemic storm.

Gig Economy Labor Statistics

Most remote workers want to work from home until they retire, according to a recent poll.
Most remote workers consider it a viable option for the long term.
Among freelancers, 64% prefer to remain self-employed rather than take a more traditional job.
In fact, 70% of freelancers say they chose this career path because it afforded them more time for family and friends.
There is still optimism among 86% of freelancers despite recent health issues.
Freelancers’ primary concerns when it comes to employment are the assurance of a steady income and access to health insurance.
More than half of independent contractors say they would not return to traditional employment under any circumstances, no matter how much money was offered.
More than twice as many freelancers as traditional employees say they have the freedom to pursue the lifestyle they desire.
78% of gig workers claim to be happier than their traditional counterparts.
Sixty-eight percent of people who gig say they’re healthier than they were a year ago.
An estimated one-sixth of traditional workers aspire to be self-employed.
The majority of full-time freelancers (about two-thirds) say they went freelance to be in charge of their own destiny.

Demographics of Gig Economy Worker’s Stats

The majority of part-time workers in the United States are women.
Gig customer service representatives speak more than one language fluently.
Seventy-two percent of gig workers in customer service have a four-year degree or higher.
More than four out of every ten millennials work from home. Young people in Generation Z are most interested in working from home (50 percent ).
As fewer than one-quarter of baby boomers work as freelancers, they are more skeptical of the gig economy.
Postgraduates make up 41% of the workforce.
One-third of all freelancers are millennials, who are helping to expand independent work.
Contingent workers make up 76% of the workforce.
There is only 17.1 percent of US contingent workers who are African Americans.
Hispanic and Asian contingent workers make up 16.4 percent and 5.8 percent of the workforce, respectively.
Only 34% of full-time non-freelancers get involved in politics, compared to 53% of full-time gig economy workers.

Job Security and Satisfaction in the Gig Economy Statistics

Working conditions for independent gig workers are flexible, according to almost 60% of respondents.
One of the primary motivations for seeking work in the gig economy is the desire to achieve a more favorable work-life balance.
More than a fifth of workers in traditional jobs would prefer to work full-time on their own business ventures.
More than half of those who work in the gig economy do so in addition to their regular day jobs.
One-fifth of gig workers say that their gigs allow them to supplement their income or cover all of their living expenses.
Despite the fact that 50 percent of college-educated freelancers believe that education and training are beneficial to their careers, 54 percent claim that the cost prohibits them from furthering their education.
According to a recent survey, 79% of freelancers say they are satisfied with their jobs.
Nearly half of full-time gig workers worry about their financial security.
Independent workers feel more financially secure than those who work for a company that pays them a salary.

Gig Workers’ Financials Stats

A New York City app-based delivery driver can expect to make $7.87 an hour without tips when working in the city.
Almost half of a New York City courier’s income comes from tips.
Twenty-seven percent of workers in the gig economy rely solely on freelance work for the majority of their income.
In the survey, only 12% of those with a full-time job and a second job had any retirement savings.
Independent contractors are subject to a 15.3% tax, a 2.9% Medicare surcharge, and a 12.4% social security surcharge.
Working as an independent contractor, or freelancer generates 40% of the income for 40% of American workers. Around the world, the typical freelancer earns between $10 and $29 an hour. There is no minimum wage for freelancers, which means that they are free to set their own rates for their services.

The Gig Economy and Tech Stats

Two-thirds of hiring managers plan to increase their use of tech freelancers in the coming year, according to a recent Upwork report.
In the gig economy, more than 70% of freelancers use websites and online markets in order to find work.
Upwork, Fiverr, and Toptal are three of the most popular websites for freelancers. About 77% of independent contractors say that technology has made it easier for them to find work.
Young people in the US use their smartphones for job searching in 53% of cases. 34 percent of full-time freelancers use Facebook for self-promotion, according to a recent survey.
Upwork is used by more than a third of Fortune 500 companies to find independent workers.

Current Gig Economy Trends

In the United States, 36% of employees work part-time or full-time in the gig economy.
From graphic design and freelance writing to making Instacart deliveries and driving for Uber, the types of jobs people take on are quite diverse.
The gig economy is the primary source of employment for 44% of gig workers.
Upwork and Fiverr aren’t as popular in mature economies like the United States.
Over eighty percent of remote workers do their work from home, nine percent from a company office, seven percent from a co-working space, three percent from coffee shops, and one-tenth of a percent from a public library.
There is a three-fold increase in the number of people working in the gig economy compared to the US workforce.

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