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Gig work is taking over

According to one study, $800 billion was spent on freelancers, contractors and alternative work last year.

By Marlene Y. Satter | Updated on September 23, 2016
According to one study, $800 billion was spent on freelancers, contractors and alternative work last year. (Photo: iStock)

It may be hard to believe, but the gig economy growth approached $800 billion last year. Yes, that’s billion with a B. 

HRDive reported that an estimated 44 million people entered the gig economy during 2015, with 29 percent of all American workers doing some sort of gig or contingent work. The report cites research from Staffing Industry Analysts that put the spending on gig work at $792 billion during 2015.

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