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The U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an unregistered securities offering. In 2018, the company minted and sold tokens to raise funds for its ‘gig economy platform,’ the development of which had not even started at the time. U.S. Securities Regulator Accuses Thor Technologies’ Management of […]Powered by WPeMatico
Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal Revenue Service (IRS) is specifically focusing on payments of $600 or more for goods and services received through a third-party payment network. US Residents Think […]Powered by WPeMatico
Gig work, such as driving, delivery, and rental is becoming easier and better with apps like Uber, Lyft, and Airbnb. But gig jobs are much older than you may think. Since 2009, “gig economy” has been referred to part-time freelance work, but the start of the gig economy starts all the way back in 1915, when jazz musicians coined the term “gig” to refer to performances. By the 1930s during the Great Depression, many farmers had to sell their land due to drought and falling prices, but the 25% unemployment made finding steady work nearly impossible and most found work
The post The History and Future of the Gig Economy appeared first on The Merkle Hash.
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Since the Great Recession, gig jobs have been heralded as the economy of the future – but after a decade, are U.S. workers still making money off of gig jobs? Many of the biggest gig startups began in the fallout of the Great Recession of 2008. 7.2% unemployment after the Great Recession spurred the demand for temporary and quick starting jobs. In the decade since, the gig economy has expanded at an exponential rate and as of 2017, Airbnb had 150 million users and Uber had 42 million users. According to some estimates there are as many as 75 million
The post Has the Gig Economy Jumped the Shark? appeared first on The Merkle Hash.
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Three days ago a new freelancer’s marketplace was launched called Fivebucks.com, a platform that allows people to purchase and sell services for only $5. The new website has seen an influx of listings since it launched and all the payments, both inbound and outbound, utilize the peer-to-peer cryptocurrency bitcoin cash. Also read: Report: 15,000 Twitter […]
The post Fivebucks.com: Meet the Freelancer’s Marketplace Powered by Bitcoin Cash appeared first on Bitcoin News.
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The freelance economy was once viewed with much fear, uncertainty and doubt. Yet over time, freelancing, (also known as the “gig economy”) has only grown stronger over the past several years. There are a number of reasons why the trend towards freelancing is gathering pace and according to the CEO of business and financial software company Intuit, the gig economy is expected to grow from the current 34% of the workforce in the USA to 43% by the year 2020. Such a percentage would equate to nearly 67 million workers in the USA, a substantial figure which should not bePowered by WPeMatico