Self-Employed

House of gigs guest post: Gig economy trends + Find gigs and services that make your life easier

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House of gigs is a marketplace of gigs and services helping workers better navigate the gig economy.

 In this post, we cover the gig economy’s challenges, size, and trends – as well as how House of gigs and Everlance can help independent contractors succeed.

Being a gig worker should not be this difficult.

You are probably doing gigs yourself or know someone who is. Although gig work provides great flexibility and allows you to choose when you want to work and turn on the app, it also means that you need to deal with a bunch of other things once you are done working. Things like tax filing, budgeting, rideshare insurance among many other administrative aspects.

Some people think it’s not worth it for gig workers to find and pay for apps that help them with these financial and administrative duties. However, given that many of the apps that provide these services are either free or very cheap (as low as $1 per month), the financial obstacle is not the main one for finding helpful apps.

At House of gigs, we believe that there are two other issues at play here.

First, understanding the value of health insurance or retirement for example is no easy task. You don’t need your insurance benefits every day and retirement technically gives you your money back after a long time. As these benefits are not immediate and not really visible, it may be difficult for you to see their value. Also, contrary to a regular worker, no employer is there to explain to you what these services are and why they are important so you may just think “maybe I’ll do it later”. Secondly, even if you are interested, knowing who to contact for more information can also be a daunting task. A lot of companies do not really understand what you do or there are companies who do understand you very well but unfortunately you may never find them.

That’s a big reason why we created House of gigs. We want to help you build extra income and make sure you have that support when you need it. And we know that there are a lot of people who need support in making the right decisions for themselves and their families.

Do you know how big the gig economy is?

Actually its size depends on who you ask. If you ask the government agency in charge of computing these numbers, the Bureau of Labor Statistics (BLS), you will hear that the number of independent workers is around 23 million. If you now check the latest Upwork and Freelancers Union report, you will see that there are more than 57 million independent workers in the US. The big difference is really around what is considered an independent worker but we will not cover this here (however please contact us at hello@houseofgigs.io if you are curious and want to know more).

What’s more interesting is the growth of the gig economy. You have seen it, we have seen it. But here is some piece of information you may not know: two economists from Harvard and Princeton found that 94% of all the net jobs created between 2005 and 2015 were actually gig jobs. That’s right: almost all of the jobs created in that period were not your traditional 9-to-5 office jobs but work that involved some type of contracting, freelancing and service platforms.

Some interesting trends

At House of gigs, we focus on the service platforms, think Uber, Lyft, Instacart and all the others platforms available directly on your smartphone. Transportation and delivery is obviously a big focus for us because a lot about our economy nowadays is about moving people or products from one place to another. And this creates a lot of job opportunities for plenty of people.

We also believe that these transportation jobs will become better jobs over the next few years and will give drivers more control on how they want to work and how much they want to get paid. For example, the decision last week in New York City by the Taxi and Limousine commission to set a minimum wage of $17.22 per hour after expenses is a great news for the drivers.

The current minimum wage in NYC is about $12 per hour for tipped workers. At 30 hours per week, a rideshare driver is now “guaranteed” to make $8,000 more per year than a minimum wage job in the food and hospitality sectors. Not bad at all if you ask us, considering it is much easier to work more than 30 hours a week on these rideshare platforms than on a restaurant or hotel where you do not control your schedule. Will we see this decision spread to other cities? Maybe. We do not know yet but 2019 promises to be an interesting year.

How Everlance and House of gigs together can better support you

At House of gigs, we want to be a useful resource for you and everyone navigating the gig economy. That’s why one of our very first partnerships was with our friends at Everlance, starting at the end of November 2018.

Everlance and House of gigs share the same mission: making sure that you can have more money in your pocket and that you can focus on doing what’s important to you. Everlance, with its automated mileage and expense tracking, provides a great value for anybody driving for work. Whether you are driving passengers, delivering groceries or packages, the Everlance mobile app allows you to easily track your deductible mileage and quickly classify your expenses as business or personal with the swipe of your finger. Thanks to their automated technology, you could save thousands of dollars in taxes due with minimal work.

We are also very excited to offer 3 months of Everlance Premium free of charge to all House of gigs users. All you need to do is download the House of gigs app and search for “Everlance” in our Services. That’s it. Simple.

If you have any questions, please shoot us an email at hello@houseofgigs.io and we will handle it very fast.

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