[Summary] Independent Work: Choice, Necessity, and the Gig Economy
- A high degree of autonomy - Payment by gig or sales - Short-term relationship between worker and client
Definition Independent Work
20 to 30 percent of the working-age population in the United States and the EU-15, or up to 162 million individuals, engage in independent work
At least 15 percent of workers use online platforms such as Uber and Upwork
Approximately 40 percent are casual earners, who use independent work for supplemental income and do so by choice
Medium- to high-income households make up more than 75 percent of all independent earners.
If everyone had the opportunity to pursue their preferred working style, roughly 40 to 50 percent of the working-age population in the US and the EU would be independent.
Independent workers are happier, more satisfied with their work, enjoy their topics more, feel more empowered and self-reliant, are more flexible and spend more time with their families and friends. They also earn more and receive more recognition.