The WSJ has published an interesting piece on whether companies that consider themselves to be part of the “gig economy” can achieve the same success as Uber. The report cites a recent survey from the JPMorgan Chase Institute, which found that around 1% of American adults are earning income from online platforms, and the majority of those were using sites like Etsy or U.S., where they are selling or renting products, rather than selling labour (as they would if they worked for Uber or other “gig” platforms). The study found just under 0.4% of people were earning labour income from gig economy services; considering how this modest percentage can be possible when there are so many Uber drivers, the report deducts that almost all of these workers are Uber drivers, therefore Uber must be the only truly successful gig economy platform.
The WSJ has published an interesting piece on whether companies that consider themselves to be part of the “gig economy” can achieve the same success as Uber. The report cites a recent survey from the JPMorgan Chase Institute, which found that around 1% of American adults are earning income from online platforms, and the majority of those were using sites like Etsy or Airbnb, where they are selling or renting products, rather than selling labour (as they would if they worked for Uber or other “gig” platforms). The study found just under 0.4% of people were earning labour income from gig economy services; considering how this modest percentage can be possible when there are so many Uber drivers, the report deducts that almost all of these workers are Uber drivers, therefore Uber must be the only truly successful gig economy platform.