<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=403650829822585&amp;ev=PageView&amp;noscript=1">
PLATFORM LOGIN
APPLY
Menu
PLATFORM LOGIN
APPLY
Get Started

The Gig Economy Will Solve the Skilled Labor Wage Gap

by Michael Burdick, on Apr 23, 2018

Income inequality is a major problem in the U.S. The top 10 percent of U.S. workers earn half of all income in the nation. It was the largest wage gap in more than 100 years.

This ongoing income inequality has pushed numerous workers to experiment with freelancing and independent work. Thirty-four percent of the workforce is currently self-employed, with expectations that the figure will rise to 43 percent by 2020. It’s not hard to see the reason for this shift: The average income for full-time independent contractors in the U.S. is $65,300, while census data shows the median household income is about $59,000.

As corporations continue to demand increased productivity for decreased wages, freelancing has become a tempting alternative for modern workers. Not only does it provide an endlessly flexible schedule and the ability to pick and choose tasks, but it’s also closing the wage gap among skilled laborers.

Read the full article on Equities.com here. 

Topics:Gig economy