Among the casualties of the pandemic: The gig economy. As estimated by PYMNTS, 40 percent of gig workers have lost at least $10,000 of income since the start of the pandemic. That implies a sizable economic impact, considering that 53 million individuals in the U.S. are gig workers.
On a good day, or in a good month, the nature of gig work can charitably be called volatile. In the current economic climate, the steady work — and steady paychecks — proves elusive. At times, gig workers have to tap into alternative (and sometimes expensive) financing sources.
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