Quotes About Gig Economy

To people I know in the bottom income brackets, living paycheck to paycheck, the Gig Economy has been old news for years. What's new is the way it's hit the demographic that used to assume that a college degree from an elite school was the passport to job security.

The folks contributing their automobiles and driving labor to Uber, or their property and hosting to Airbnb, make less than minimum-wage employees and don't own a piece of the company even though they constitute the infrastructure. Only money talks.

No one I know has a job anymore. They've got gigs.

I believe there's been a slippery slope of new companies that have formed in the name of on-demand services... that maybe aren't having as much of a focus as they should on the worker.

The workforce is getting Uberized. The gig economy is taking over the world. Independent-contractor jobs are the new normal.

The indication is that participating in the gig economy requires either a base of capital (a vehicle, a room to rent) or technology skills—both of which are associated with higher levels of education—and less vulnerability to income volatility, since higher levels of education are correlated with salaried and non-tipped jobs.

We know that one out of three New York City workers is a gig worker, or self-employed, independent contractor. We have all kinds of languages and words for it. I'm very proud to have been co endorsed by the Freelancers Union because of our policy positions on this incredibly important part of our economy.

Trends such as skills imbalances, the gig economy, and digitization are transforming work so quickly that policy creation is lagging behind.

In today's gig economy, where jobs have been replaced by 'portfolios of projects,' most people find themselves doing more things less well for two-thirds of the money.

Uber drivers, 60 percent of whom have other jobs, have become prime examples for what became known as the "gig economy." Both Uber and Lyft also rolled out modern versions of carpooling services that match up a rider with another rider in close proximity headed to nearby destinations.

When we do not understand something, a common reaction is to fear it. In government, this is the usual, and encouraged, reaction. The reaction to the gig economy has been no different, and this growing fear has unfortunately turned into a legislative bloodbath.

A 2018 study at MIT found that fully three-quarters of Uber drivers earned less than the minimum hourly wage in the states where they were driving. Almost a third of them lost money in the deal. In effect, they were paying Uber to drive. It was a pretty good deal for Uber. The company's thirty-nine-year-old founder had a personal net worth of $5 billion.

One study of relatively highly paid contractors in Silicon Valley found that free agents didn't really feel free because of the need to be always searching for their next gig and therefore frequently took less leisure time than regular employees.