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ReadersSpeak

Gig economy's effect on payments? This is intriguing, but what I'm really interested in is the
intersection of the gig economy and payments. Do you have
n 2015, Intuit, along with Emergent Research, pre- insights on this or is anyone in your organization working
dicted 7.6 million people would be working in the on an article along these lines?
U.S. gig, or on-demand, economy by 2020. At the Rayne Hubert
I time, Steve King, partner at Emergent, said, "The Full-time Student
on-demand economy is poised to transform long-held Aspiring Payments Analyst
assumptions about how the labor market works." Rayne,

In August 2018, Forbes contributor TJ McCue wrote that What an excellent inquiry you have made. We have dug into
36 percent of U.S. workers were in the gig economy, which individual stories on payment apps, such as those used by
amounted to about 57 million people ‒ a good deal more Uber and Lyft, which thoroughly disrupted the taxi service
that predicted by Intuit/Emergent. Plus, 29 percent of U.S. industry. We have not, as yet, covered a broader story on
workers had an alternative work arrangement as their the intersection between the gig economy and payments.
primary job. Now, some of these people were freelancers There is much cross-fertilization to explore, and we will
long before the term "gig economy" was coined, but many keep it in mind for future feature articles.
are filling new niches. Editor
Curious about something?
I personally know of people working in the gig economy,
some despite also having full-time employment. They're Has the gig economy affected your career in payments?
doing things like driving for Lyft on weekends, making If so, how? Also, do you see interplay between emerging
deliveries for Grubhub on lunch breaks from their day societal trends and payments that have yet to be explored?
jobs, and signing on to do telemarketing blitzes through If so, we'd love to hear your thoughts. We are, of course,
an organization that helps companies ramp up staffing for also interested in your thoughts on other payments
special promotions. industry issues. Please send your questions and comments
to greensheet@greensheet.com.

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