The Gig Economy: Everything Old Is New Again

  • For awhile I've thought that the gig economy is a new take on something old. Yes, using cell phones to call Uber is a new idea. But people working multiple part-time jobs to make ends meet is nothing new.


    Many people who couldn't find good full-time employment worked multiple part-time jobs to pay the bills during the depression. For instance as a teen in the 1930's my Dad raised and sold rabbits to help keep the family farm going. That was common. And, not just during the depression. For most people that was a way of life before the industrial revolution created big business with a full-time paycheck.


    A new study from the McKinsey Global Institute (MGI), finds that the 'gig' economy model popularized by Uber has a lot in common with the economies of poor countries today, as well as the US and Europe before the Industrial Revolution." link to article


    So what does that have to do with your finances? It means that there are new opportunities to make a part-time income. It could be working for Uber or selling the crafts you make on craigslist and Etsy.


    If you're looking for ways to make some extra money take a look at this article;. Many of these jobs don't require anyone to hire you. They're the kind of jobs that you create on your own. That can be scary, but it can also be a good way to get out of debt, pay for a vacation or add a little income to your Social Security check.


    It also can be a solution for you if you can't find full-time work. It can be hard piecing together schedules when you're working 2 or 3 part-time jobs. But if you can make your own hours on the job that you created for yourself that becomes much easier.


    Keep on Stretching those gig Dollars!

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