As gig work tops $1 trillion in the U.S, workers demand more real time payouts
- Pandemic related loss of income has spurred an increased interest in gig economy work.
- Branch and Marqeta’s report shows that 94 percent of gig workers associate faster payouts with financial security.
Significant reductions in working hours during the pandemic have forced many Americans to migrate towards gig and contract work to compensate for lost incomes.
In 2020, gig economy workers represented around 35 percent of the U.S workforce which roughly amounts to around 57 million people. According to freelance network Upwork, gig work contributes around $1 trillion to the American economy annually.
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