(source: whatis.techtarget.com)
Before the pandemic hit, the global freelancing economy was expected to experience significant proliferation. Today, while shutdowns have led many businesses to temporarily halt non-essential spending, many in the market actually expect the expansion of the freelancing community to accelerate as a result of market...
Among the casualties of the pandemic: The gig economy. As estimated by PYMNTS, 40 percent of gig workers have lost at least $10,000 of income since the start of the pandemic. That implies a sizable economic impact, considering that 53 million individuals in the U.S....
Delivery company DoorDash is facing a lawsuit from the San Francisco district attorney over allegedly illegally classifying its workers as contractors rather than employees. The charge comes with the accusation that the company failed to help its employees navigate the economic fallout of the pandemic...
The gig work revolution was well underway when the pandemic struck. And like so many things, developments that were moving at a leisurely pace, it suddenly needed velocity. That’s true in terms of getting gig work solutions to market, and as a core characteristic of...
Freelancers have seen particularly harsh economic effects from the ongoing pandemic. Forty percent of those in the U.S. have lost at least $10,000 in income since its onset, leaving many operating on fast-declining savings. The nation’s government has attempted to provide financial relief by opening...
Building trust between freelancers and employers is a two-way street — and one that gig marketplaces must engineer. In the latest Gig Economy Tracker, Michael Brooks, CEO and founder of online freelance marketplace goLance, says employers can build trust with things like offering workers multiple...
The pandemic affected the freelance market in varying ways, with many workers facing increased economic uncertainty and drawing upon their savings as work opportunities became scarce. The U.S. government has developed programs to help, such as the Pandemic Unemployment Assistance (PUA) program, but freelancers are...
Challenger bank Oxygen is rolling out a new platform for financial services tailored to freelancers and independent contractors, the company said in a statement on Thursday (May 14). Hussein Ahmed, founder and CEO of Oxygen, said the gig economy in the U.S. is at an...
Gig workers (freelancers if you prefer) are starting to get the attention and support they’ve earned. It’s been a long time coming — ask almost any freelance pro — but a pandemic, workforce changes and new market dynamics are finally bringing indie contractors into the...