The Gig Economy

What is the 'gig economy' and how large is it? The gig economy is defined as “a labour market characterised by the prevalence of short-term contracts or freelance work as opposed to permanent jobs”.

Partner Andrew Bryan comments on a new report from the National Centre for Social Research which has revealed that 4.4% of the population of Great Britain worked in the gig economy in the last 12 months, amounting to some 2.8 million people.

The report, entitled “The characteristics of those in the gig economy” was commissioned by the Department for Business, Energy and Industrial Strategy. The research found that those working in the gig economy are likely to be young (56% of those working in it are 18-34) and living in rented accommodation (37%, as opposed to 28% of the wider population). Levels of education among gig economy workers are broadly similar to those in the rest of the population, with 37% of workers in the sector having degrees.

London is a real hub of this kind of employment; 24% of those who work in the gig economy are based there, which is significantly higher than London’s share of the population overall.

Working for courier services was the most common kind of work carried out by workers in the sector (42%), compared to 28% who worked in transport services and 21% who worked in food delivery. The single most commonly mentioned platform/brand was Uber.

Money earned in the gig economy is, for most people involved, only a small part of their overall income. Indeed, for around two thirds of people, it amounted to less than 5% of what they had earned in the last 12 months. The median wage earned over that period was around £375.

However, 13% of gig economy workers did earn more than £10,000 a year from the sector, and 42% felt that money earned in this way was important to their quality of living. Interestingly, it was these people who were most likely to be happy with the conditions they were working in. Of those who viewed the gig economy as important to their standard of living, 74% were satisfied with their overall experience, as opposed to just 48% of those who felt that income from this source was not that important.

Regardless of conditions, it seems that the gig economy won’t be going anywhere anytime soon; 41% of the survey respondents said that they will definitely be continuing to work in the sector during the next 12 months.

If you would like assistance in relation to an employment matter, call Andrew on 02392 820747 for further information.

March 2018

Why we welcome a ‘no-fault divorce’ law at Churchers Solicitors

At Churchers, we firmly believe that divorce law has been outdated for far too long.

More Info

New driving laws for 2019

As we move into 2019, there are a raft of new motoring laws being enacted and a number of existing laws for which enforcement is being focused upon

More Info

New Year : Online Scams

In recent light of the 'Whatsapp Gold' text scam, we look at the dangers of online scams, fraud and circulating malware.

More Info

Do you know your Consumer Rights?

In the lead up to Christmas, knowing your rights as a consumer is as important as ever.

More Info

Reviews

We’re proud to be associated with

  • The Law Society, Conveyancing Quality Accredited logo
  • The Law Society, Children Law Accredited logo
  • The Law Society, Criminal Litigation Accredited logo
  • The Law Society, Family Law Accredited logo
  • The Law Society, Family Law Advanced Accredited logo
  • The Law Society, Lexcel Accredited logo
  • Solicitors For The Elderly Accredited logo
  • Society of Trust and Estate Practitioners logo
  • Dementia Friends logo
  • Resolution logo