The Rising Gig Economy: Is The 9-To-5 Broken? ⏰🔨
The concept of creating an income from short-term tasks is nothing new, but the gig economy has experienced a rapid rise in recent years. This has led to the creation of platforms such as Gigstar. From full-time consultancy work to people who drive for Uber or Lyft – the gig economy encompasses a broad range of “setups”. The easiest way of describing a “gig” is as “a job that will last for a specified period of time”. There are several reasons to explain the surging interest around this new style of working…
Millenials Prioritizing Freedom Over Security 🌈🔓
If you were to ask a twenty-year-old what their ideal job looks like, it probably wouldn’t be between the hours of 9-to-5. To many, having that level of luxury sounds like an idealistic pipe dream, but it’s totally achievable. In the gig economy, you only work during the hours you want, on projects you are passionate about, at a salary you choose. Platforms like Gigstar permit an enhanced work-life balance, allowing you, in some cases, to work from wherever you choose. Being afforded this kind of working flexibility can come with some financial instability, but many see it as a risk worth taking in search of a life where you aren’t locked into an intense, grinding work cycle.
Baby Boomers Seeking Supplement Incomes 💸💰
Traditionally, people think of “gig workers” as being Millenials. However, Baby Boomers are leading the pack in the gig economy. Gigs offer a flexible option between working full-time and total retirement, allowing older workers to earn additional income. In case you were wondering, the Baby Boom generation is typically defined as individuals born between 1946 and 1964 – not actual infants! On Gigstar, we’ve had more than one-thousand gig workers (or Gigstars) become part of our community. These workers come from a wide variety of backgrounds, with many being Baby Boomers and Millenials.
The Evolution Of Task-Based Labor 📝⚙️
Some will credit the 2008 financial crisis for giving rocket fuel to the gig economy – which has since become a significant factor in the overall economy. In 2008, vast swaths of the population faced unemployment, so many workers hustled to pick up as many temporary opportunities as they could. These gigs had to be flexible. Even though some workers were able to maintain a full-time or part-time job, they were aware of the economic climate and wanted to give their income a boost. In those times of uncertainty, others managed to produce an income by juggling multiple gigs at once.
The Typically Low Barrier Of Entry 🚧👋
The process of applying for work in the gig economy is far less intense than entering a 9-to-5 role. Typically, many companies offering gigs only require you to pass a background check before you get going. Whilst others have formal but succinct onboarding processes that include hurdles such as a conference call or a trial assignment. The types of gigs available span the entire pay scale spectrum, so in reality, this economy is accessible to almost anyone. Gigstar offers a straight-forward JobTaker registration process, helping you quickly become part of our diverse community of on-demand workers.