Microeconomics,, 16th Canadian Edition

Primary

Income

Supplemental

Income

Source:Company, 2016. Independent Work: Choice, Necessity, and the Gig Economy, McKinsey &

Preferred

Choice

Free Agents

30%

(49 million

people)

Casual Earners

40%

(64 million people)

Out of -

Necessity

Reluctants

14%

(23 million

people)

Financially

Strapped

16%

(26 million people)

Why Is This Happening?

To understand the rise of the gig economy, consider why both
individuals and firms might be moving away from traditional
employer–employee relationships.

For many individuals, the gig economy offers independence
and flexibility; the individual can choose which jobs to accept,