The gig economy, famous for changing the employer/employee dynamic and establishing new technologies such as On Demand Pay, saw an 18% drop in worker income between March 2022 and February 2023
That’s good news for the service sector that had suffered huge employee losses over the past 4 years to the gig industry which had tripled in size
The circle-back from gig work to service sector jobs can be partially attributed to strong wage growth and traditional employers’ adoption of new payment technologies including Earned Wage Access
Rellevate’s Pay Any-Day (our EWA service) is a great way to attract new employees by up to 75% and retain your best employees by up to 36% with zero cost to you
