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$500-billion gig economy?

August 6

A fringe 2019 MasterCard paper titled The Global Gig Economy projected the volume of the global gig economy in 2023 to $455 billion.

Not bad for a bunch of freelancers, right?!

But as always, the devil is in the details: According to the paper, “88% of gig economy gross volume is generated from transportation-based services or asset-sharing platforms” — i.e. companies and platforms like Uber or Airbnb. In other words, the “gig economy” here has little to do with independent professionals. The recent Fiverr report came up with wholly different numbers.

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