The allure of the gig economy is the freedom that can come from not adhering to a 9-5 work schedule. In fact, more than half of the US workforce will be made up of gig workers by 2027. However, while gig work gives people flexibility, it can also have its downsides.
Gig work can be inconsistent and may not be best suited as a full-time career. According to a 2021 Earnest report, 85% of gig workers made less than $500 a month, far from enough to sustain oneself or a family in today’s economy. Many who sign up for gig work already juggle full-time jobs and do so likely as a last resort to make liveable income.
This juggling act could result in hectic schedules, increased workloads and more stress, taking away from our time to rest and center ourselves outside of work.
Remember to do your research and understand all of the factors associated with gig work and the impact it could have on your lifestyle.
While supplementing or gaining additional income may be attractive, it is important to truly consider the added load we could be taking on. We shouldn’t have to spread ourselves thin to survive.