Although challenges still exist with regulations, taxes, and pay terms, these factors cannot detract from the gig economy's potential and promise.
Moreover, by 2023, studies show that over half of all workers will have spent some portion of their career as freelancers or independent contractors. Despite this large presence, 55% of full-time independent workers say they are not worried automation will impact their job stability, and many believe there is no better time to make your mark in the gig economy market than now. Although challenges still exist with regulations, taxes, and pay terms, these factors cannot detract from the gig economy's potential and promise. All indicators point towards its incredible growth in the upcoming years.