U.S. job reports show that as many as 30 million workers lost jobs because of the pandemic-induced recession. Other data from Gigs Done Right suggests it is closer to 40 million. No matter the amount, job loss triggered by the pandemic is historically high and likely to leave a lasting mark on the U.S. economy. People were being let-go from jobs they’ve held for a better part of their lives.
This prompted the market to shift to freelancers and independent contractors to take their place in an unsteady economy. While many people predicted that this would be a short-lived phenomenon, that hasn’t been the case at all.