The gig economy doesn’t seem to be going away, even if it’s been affected by COVID-19 as any other form of employment. However, the consequences seem to be short-term, and the gig economy will likely continue the pre-pandemic growth trend.
24. The gig economy is expected to reach a worth of $455.2 billion in the US in 2023.
The projected gig economy size—in terms of gross volume—for 2021 is $347.1 billion.
While the forecast figures aren’t likely to be met in the nearest future, the gig economy will likely be back to its projected trends sooner than any other form of employment once the pandemic is over; these numbers can still give us some sense of the upcoming situation.
25. 80% of major US companies are planning to switch to employing freelance labor.
This data is according to the Intuit 2020 study on the future of gig employment. A number of gig economy articles show that over 80% of major US-based companies would significantly increase their use of non-traditional jobs in the years to come.
Maybe one day freelancing work will surpass traditional jobs.
26. 40% of companies see gig workers taking a more significant part of their workforce in the coming years.
Gig economy trends show that more businesses will be open to the idea of gig workers in the coming years. While this development is a significant advantage to gig workers, it can be risky for workers with a limited or defined skill set.
Especially those in developing countries.
27. Gig workers in the field of artificial intelligence earn an average of $115.06 per hour.
(The Balance Small Business)
These freelance workforce statistics place artificial intelligence as by far the highest-earning industry for gig workers. Other sectors on the list include blockchain architecture which earns about $87.05 for every hour, and robotics earning $77.46 for every hour.
The others on the list are cryptocurrencies, Lambda coding for Amazon Web services, and virtual reality at rates of $65.37, $51, and $50.18 per hour, respectively.