Connect with us

Hi, what are you looking for?

Career

Be Ready for a Rocky Road When Becoming a Gig Worker

Gig working can be freeing, but freedom comes at a cost.

While companies like Uber and Lyft have become commonplace in society, it pays to remember that gig-based businesses are still a very young sector. Gig working is attractive to some for similar reasons to freelancing; you work as much or as little as you want, make your own hours, and get to do work that, at least to you, may not be very difficult. The rub is that our economy is still geared primarily toward those with traditional employment, which has left many gig workers in a confusing state. It wasn’t long ago that Uber drivers were fighting tooth and nail for steady worker benefits, a fight that’s still ongoing even now, and that’s just one example of the trials of a gig worker.

When you’re a gig worker, you’re classified as an independent contractor. Since many gig workers pick up jobs from a variety of apps and sources, one contractor could be doing business with a handful of different companies. This can make it difficult to verify your income for tax purposes, which makes tax season even more of a nightmare than it usually is.

While the implementation of the CARES act qualified a lot of gig workers for unemployment benefits, many of them are still being left in the cold due to arbitrary reasons and bureaucratic hiccups. Unlike with a traditional job, it’s a lot harder to get any kind of paid leave in the event you can’t work, which is an especially big problem right now considering, y’know, pandemic. That’s doubly concerning when you factor in the difficulty gig workers have applying for federal benefits like Medicaid.

Gig working is an extremely free, flexible means of making a living. Unfortunately, because such a notion is still so young, society hasn’t quite figured out how to support people living like that. Bear this in mind before you go all in as a gig worker.

You May Also Like

News

In the past year, Peloton, manufacturers of stationary exercise bicycles and treadmills, has been experiencing some severe financial difficulties. The company went through a...

News

While the ongoing supply chain problems affecting the global economy have had the expected effects, they’ve also had some decidedly unexpected effects. Specifically, many...

News

As gas prices continue to rise and consumer confidence drops, not to mention the ongoing war in Ukraine, the European economy is taking a...

News

As the environmental need for electric vehicles becomes more pressing, and the car-buying public becomes more eager for them, automotive manufacturers are getting ready...

News

This morning, Coinbase CEO Brian Armstrong sent a mass email out to his company informing everyone that, as stock and crypto prices slip and...

News

Last week, a former cybersecurity expert for Twitter, Peiter “Mudge” Zatko, released a whistleblower report on the social platform. In his report, Zatko cited...

News

Zelle is a peer-to-peer payment app and service that can be used by individuals to send and receive money, in a similar vein to...

News

Earlier this week, following the third-term victory of Chinese President Xi Jinping, market shares in Hong Kong experienced a sudden, violent sell-off. Xi’s controversial...