FLICKR PHOTO, OPEN GRID SCHEDULER/GRID ENGINE Uber and Lyft are just two ride-sharing companies leading the charge in the modern gig economy.

The gig economy, defined as short-term contracts and freelance work, is booming and continues to attract more workers from traditional employment relationships.

According to a recent infographic published by Wage, developer of a “gig” marketplace app, the gig economy grew by 33 percent, expanding 8.25 times faster than the U.S. economy as a whole in 2020.

The Wage infographic captures several interesting trends in freelance work, including how the gig economy has grown, which nature of gig work is most in demand, the benefits of gigs, and the future of this type of work.

For anyone thinking about breaking into gig work, or for small businesses wanting to start using this flexible working arrangement, the infographic at offers valuable insight and information.

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— Compiled by Business Editor Joe Crews



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