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β€‹β€‹πŸ’° Gig Economy Workers Are Earning Half What They Did Five Years Ago

More people are working for ride-sharing and delivery companies but on average they’re making less.

On average, drivers who transport people (#Uber or #Lyft) or things (#UberEats or #Postmates) through an app made 53 percent less in 2017 than they did in 2013, according to a new study by the JPMorgan Chase Institute.

The average monthly payments to those who worked for a transportation app in a given month declined to $783 from $1,469. Meanwhile, people working for leasing apps β€” #Airbnb, Turo, Parklee and other apps that let you rent assets like your home, car or parking space β€” saw their incomes from those platforms rise 69 percent to $1,736 on average.

This is happening as online gig work has become more popular, thanks in large part to the growth in the number transportation jobs.

πŸš€ @PerspectiveIX via Recode.