To weather the sharp economic contraction and unpredictable pandemic lockdowns, 41% of businesses in a recent survey said they plan to expand their use of contractors for task-specialized work. Even ahead of the current crisis, the global gig economy was predicted to reach $455 billion by 2023, according to a 2019 Mastercard (NYSE:MA) study, which urged entrepreneurs to capitalize on the “opportunity.” The outcome of recent legal challenges to this employment model still seems uncertain.
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