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The other 1%

The WSJ had an interesting breakdown of those involved in the “gig economy” (this one based on actual facts – based on a sampling of people’s earnings – rather than opinion).

gig

  • Nearly 1% of U.S. adults earned income via a gig (defined as either providing labor – ala Uber, or via capital – ala AirBNB, in Sep 2015).
  • The average monthly income for someone who provided labor via one of the platforms was $533, representing a third of total income
  • ~60% used their capital (e.g. their house), vs. 40% for labor (i.e. their hours).

Worth a read.

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