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Gig Jobs: A New Economic Reality

Posted By Administration, Tuesday, February 23, 2016

The slang is “gig jobs.” Technically speaking platform jobs is the proper term. It’s a new economic reality, a job market revolution of sorts. Between 2012 and 2015 some 10.3 million Americans started earning income through web-based platforms like Uber and Airnb.


The 10.3 million is more people than live in the entire state of Georgia. Even more staggering is that it now equals 6.5% of the total U.S. workforce. There are insurance possibilities for insurers and for independent insurance agents.


Gig jobs — says a study by JPMorgan Chase Institute — are easier to land. That’s why they’re so popular.


  They are mostly used to supplement income.

  Most gig jobbers are younger and in the 25 to 34 age group.

  The average monthly income from a gig job is $2,800.


JPMorgan’s study also says the increase in the last three-years for these gig jobs is 47%. That is driving the number of gig job providers like Uber and Airbnb.


Another factor is that gig jobs are growing but people don’t seem to be quitting their — dare we say — day jobs to do these jobs.


Source link: PropertyCasualty360.com

Tags:  Airbnb  gig jobs  Gig Jobs: A New Economic Reality  Insurance Content  Insurance News  Lift  Uber  workforceWeekly Industry News 

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