Contraction in the country’s labor market amid widespread layoffs among major employers is leading to an increase in the number of people joining the ranks of the gig economy, according to a Nov. 17 report by Goldman Sachs.
Between 5 percent and 15 percent of Americans are supplementing their income through gig work, which includes temporary contract and freelance work, as well as platform-based gig jobs such as driving for Lyft or delivering for Uber Eats, Instacart, or DoorDash, the report said.
