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).
- 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.