The gig economy looks less like the future of work [CBS News]
JP Morgan Chase & Co. (JPM)
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Source: CBS News
The gig economy looks less like the future of work WASHINGTON - The gig economy might not be the new frontier for America's workforce after all. From Uber to TaskRabbit to YourMechanic, so-called gig work has been widely seen as ideal for people who want the flexibility and independence that traditional jobs don't offer. Yet the evidence is growing that over time, these jobs don't deliver the financial returns many expect. And they don't appear to be reshaping the workforce. Over the past two years, for example, pay for gig workers has dropped, and they are earning a growing share of their income elsewhere, a new study finds. Most Americans who earn income through online platforms do so for only a few months each year, according to the study by JPMorgan Chase being released Monday. One reason is that some people who experimented with gig work have likely landed traditional jobs as the economy has improved. Drivers for Uber, Lyft and other transportation services, for example, now col
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