Ever heard of the gig economy? The IRS sheds light on it as a space where individuals earn by providing on-the-go services or goods, usually via an app or website.
Think Uber drivers or those folks delivering packages at your doorstep. But it’s more than just rideshares or deliveries. It sprawls across numerous industries, with a whopping 59 million Americans freelancing as per a recent Upwork survey!
Gig work can range from renting out spaces for a short duration, to selling apparel online, to even freelance endeavors like writing or design. Each ‘gig’ could be a brief task or even a full-blown project. It’s often seen as a way to make some extra bucks, yet many rely on it as their primary source of bread and butter.
And who exactly is behind these gigs? They’re mostly freelancers or independent contractors thriving in this economy. Their employment status usually classifies them as self-employed, meaning the perks of typical employment might not apply to them.
Curious to unravel more about this evolving work landscape? [Get the full scoop here!]
