The pace of change in the world workforce is accelerating, and the explosion of the gig economy jobs continues unabated due to the millennial generation that values work-life balance.
Recently, there has being on-demand marketing of skills and upskilling for freelancers in the gig economy.
As work and life have become more integrated, it is desirable to know the best gig economy jobs for the next five years.
What is The Gig Economy?
- 1 What is The Gig Economy?
- 2 Best Gig Economy Jobs For The Next Five Years
- 3 Downsides to Working in The Gig Economy
- 4 Can You Earn a Real Living Off The Gig Economy?
The gig-economy is synonymous with freelance or self-employment. As a fast-growing sector, the gig economy is where individuals take contracted jobs to earn income rather than join a traditional full-time employee.
It is a work culture established in a free market framework for a short-term engagement.
That means gig workers can select temporary jobs worldwide and employers can find the best individuals for specific projects. The gig economy is often facilitated by tech platforms and can be done remotely.
What Jobs Are Available in The Gig Economy?
In recent times, businesses are keen on hiring a freelance candidate who has strong management ability, technically adept, and highly skilled. It’s becoming quite difficult for employers to recruit full-time workers, especially in higher management positions.
The proliferation of websites and mobile apps designed to help employers and job seekers has influenced the rise of the gig economy. This has given businesses and individuals the ability to select persons of their choice for a specific project from a larger hire pool.
Opportunities and occupations that support the gig economy’s growth are computer and information technology, transportation, digital and print media, art and design, education, courier services, constructions, and other related services.
It is often said that the gig economy is excellent for young creatives. But guess what? A reasonable number of traditional US workforce are gig economy workers. The workforce is becoming more advanced by the day, and the gig economy is absorbing an ever-growing portion of the labor force. Therefore by definition, the gig economy can be a useful stop-gap on your way to full time and fully compensated work.
How to Find a Job in the Gig Economy?
Today’s workforce is increasingly mobile, and many people are eager to personalize their style of working into something that suits their unique needs. As a result, there is a massive crowd of applicants vying for gigs and to survive. In the gig economy, you need to embrace the strength inherent in diversity.
Today, the most organizational model still depends on traditional work culture. Transitioning into an adaptive business model requires the right mindset, the appropriate tool and skillset, good strategies, and a high commitment level.
Overall, expand and nurture your network deeper than stockpiling names in the customer relationship management (CRM) system.
If you build a balanced portfolio, it can help you smooth each specialty’s ebbs and flow. To keep up with the industry trends and maintain a competitive edge, you have to keep learning.
Best Gig Economy Jobs For The Next Five Years
The gig economy is gaining momentum and a fantastic cure to unemployment in present-day society. There are varieties of work that utilizes gig economy services in the world today. Change happens with higher frequencies that are unpredictable, but based on current events worldwide.
With that said, here are some of the best job opportunities created in the gig economy that will survive in the next 5 years:
1. Driving Jobs
When a technology improvement takes over, there is a revolution in the workforce, depending on how fast it’s adopted.
On-demand cab services gained popularity within a short time, and relevant features are incorporated to offer both the drivers and their customers the desired mobility. And the electric variety of personalities that drivers meet makes the experience incredibly fun.
The recent start-ups these days are Uber-like businesses. Many start-ups adopted Uber’s business model because it is a simple business model and one of the most successful companies in the last decades.
Having a car is equivalent to making money in the gig economy. Though taxis still exist, people look for on-demand jobs such as driving on tech platforms to ease their daily lives.
Fortunately, driving gigs are not just changing the means of moving around town but also redefining the world’s socio-cultural dialectics.
2. Delivery Gig
The disadvantages of companies having their delivery personnel mean more staff on payroll and more insurance. Unless a large portion of a business is only delivery services or has been at the core of their business, delivery service might be too expensive to make financial sense for most companies.
With the changing tides of business, most businesses will prefer to outsource gig economy delivery services.
One of the growing trends in the gig economy is delivery services.
With orders taken online, customers will no longer have to wait in the queue. All that is needed is a browser, place orders, and wait at home for delivery. Back in the days, only pizza and Chinese food get delivered at home, but now, almost all restaurants and other material goods offer delivery services.
3. Freelancing Jobs
You can’t ignore the fastest growing industry, and the concept has become increasingly mainstream.
With a considerable amount of the world population with no job, many people have moved to freelance to earn a living. Also, in the world today, people are beginning to have a different mindset, so people choose to freelance over the traditional work environment.
As we live in a world of opportunities, it is essential to point out some online money-making opportunities available to us.
Being a freelancer could cover various potentials and freelancing jobs such as Consulting, web developing, writing, proofreading, logo and graphic designs, transcribing, typing, software development, programming, and so on.
The smartest thing to say is that freelancing is the future of work-life. That said, several freelancing platforms have made provisions for a good hiring experience where freelancers sell their services to prospective clients.
The best marketplace as a starter is a platform that values your freelance talent. Some of these platforms include Upwork, Fiverr, Peopleperhour, Freelancer, SEO clerk, and so on. For reference sake, Airbnb is currently growing so fast. Instead, people will stay in Airbnb rather than stay in a hotel to save money and receive a warm and better service.
These platforms have altered the way professionals operate and have gotten rid of the daily commute process.
4. Labor Service Jobs
Technology has changed the nature of jobs of the people who are impacted by it. With the labor service app, clients can order professionals’ services to provide whatever they need rather than employ a full-time worker.
Labor service jobs involve bodily activities and are mostly done on-site. Some noteworthy professionals in this area of the gig economy are Electricians, plumber, gas engineer, mechanic, painter, builder, carpenter, cleaners, and other labor fields.
Some Labor service workers are often referred to as handyman; they carry out repairs in homes.
In this field of occupation, it is common to find independent contractors that have moved to the gig economy. These are essentials labor services that are often needed and highly on-demand in different homes.
5. Caregiving Jobs
In-home health care is growing and becoming more personalized; therefore, the caregiving job market will grow even in the upcoming decades. In as much as people will continue to live longer, give birth, and have pets at home, the market will always yield for the wants of people.
Caregivers help out with chores in people’s daily living. They are efficient and meet the needs of their clients and usually always on time.
Keeping the soul and body together will be a crucial selling point, along with a particular care plan.
For those looking for someone to take care of them or their elderly parents, pet, or babysit around the clock, a caregiver is the most viable option. And each generation’s preference will be a reflection of how caregivers perform their responsibilities.
Downsides to Working in The Gig Economy
Unfortunately, the gig economy is seen to be the best part-time job for those who want to earn extra money without much hassle. It has reached a critical point where people in the gig economy provide their services and work for low wages.
The consequence is most gig workers are chronically overworked and wrongfully underpaid.
A look at the ongoing suggests the more reason it is termed as a “side hustle.” The gig is a small job that can be done within a short period and get paid a substantial amount.
The mistake most gig workers make is they get into the gig economy without further research on the full spectrum of the opportunity, benefits, cost, and challenges it brings.
And this is the reason why it is deemed difficult to make a decent living from it. The gig economy also demands to hop from one job to another as it is pre-assumed, but it seems much attention is not paid to the concept of its flexibility.
Can You Earn a Real Living Off The Gig Economy?
Yes, like any other form of employment. The gig economy may seem like a virtual world, but the money is real.
The gig economy’s original concept is a huge personal entrepreneurial goal that affords people to work on their terms. Of course, money is not given out for free except in charity, so money is bound to flow if you work hard.
Experts thought that a large population that participates in the gig economy is not joining to earn a real living but rather enjoy its flexibility and the supplemental income it brings. Yet, the number of people voluntarily picking up gigs are growing daily.
The good news is that businesses are now beginning to identify the benefits of having on-demand talent to assist with all kinds of projects. And they will pay big bucks to get the best for their business depending on your payment terms.
The gig economy’s propulsive power can make popular skills in different specialties be in a condition to earn reasonable money and live a comfortable life.
Most importantly, if you want to spend quality time with your family and do the things you are passionate about, it is possible to work and earn a real living off these gig economy jobs.
The flexibility it provides is appealing to a lot of people out there.
The gig economy has emerged gradually in the shadow of the technological revolution. It has marked the step to entrepreneurship for a new class of workers that yearn for an alternative to the inflexibility of paychecks-driven employment. In a nutshell, the gig economy offers a unique solution to meet the masses’ desirable work-life balance.
The future employment landscape will feature those who key into the gig economy paradigm and be littered with remnants of those who fail to do so.