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Thriving in the Gig Economy by Marion McGovern

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10The Future of the Gig Economy, Part 1: Policy and Politics

The many reports on the Gig Economy may have different definitions of participation and different estimates of size, but they all share one thing: They see the trend of independent work continuing to grow worldwide. The McKinsey Global Institute (MGI) study suggested 18 percent annual growth for the independent workforce in the future. MGI attributes this growth in part to the increase in venture capital funding for digital talent platforms from $57 million in 2010 to more than $4 billion in 2014.1 The MBO Partners study expects that the number of independent workers in the United States will grow 16.4 percent and comprise 41 percent of the non-farm workforce by 2021.2 The international ...

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