Gig work grows in popularity among workers

Future of Work
Princessmonteiro

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Princess Monteiro, an Uber driver from New York City. | Provided Photo

(Sponsored Content—) As gig work continues to rise in popularity across the country, ride-hailing services like Uber have earned the support of many who rate their experiences driving as overwhelmingly positive.

Full-time Uber driver Princess Monteiro said she noticed a sense of fraternity with her passengers, stating her driving is usually accompanied by good energy.

"I have had really good passengers,” Monteiro told California Business Daily. “I'd say 80% of them are absolutely amazing. I have had passengers offer me dinner, give me large tips because they find something amazing about me (and) I've had passengers be encouraging and supportive.”.

Transportation-based services and asset-sharing platforms are valued at nearly 90% of the entire gig economy, a market worth an estimated $347 billion globally this year, according to a report by Brodmin.com. The gig economy is expected to grow to $455 billion in 2023.

In 2021, the number of independent workers grew to 51.1 million, a 34% increase from the previous year, the MBO Partners’ State of Independence in America data highlights said. The report also showed that 51% of the full-time independent workforce felt more financially secure than they would in a traditional work environment last year. However, job security and medical coverage are major concerns for freelancers.

While the 2018 Marketplace-Edison Research report on the gig economy states 51% of gig workers said they work harder for their income than those who work a traditional job, PYMNTS.com reports 75.7% of gig workers would not leave gig work if offered a full-time job.

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