Small Business Labs

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Bankrate's Side Hustle Survey

Small Business Labs

Interesting survey resluts from Bankrate on side hustles.    According to their findings: nearly half of working Americans (45 percent) surveyed reported having a side gig in addition to their primary job.    48% of millennials, 39% of Gen Xers and 28% of Baby Boomers reported having side gigs.

Expenses 119
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Gig Workers and Economic Anxiety

Small Business Labs

Marketplace and Edison research recently released Americans and the Gig Economy, a survey of gig workers.    The survey covered a lot of ground, including finding about 24% of American 18 and older are gig workers.   The survey also asked a series of questions about economic anxiety.

Stress 172
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COVID-19's Huge Financial Impact on Cities

Small Business Labs

  If that happens, it means major cuts in operating expenses in addition to capital spending cuts. The NLC survey shows that 74% of cities have started to cut their budgets, with 20% reporting across-the-board reductions. The impact on cities is a good example of the pandemic's 2nd order effects.   Also, about 1.5

Budget 264
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Do Uber Drivers Only Make $3.37 Per Hour? (The Quick Answer is No)

Small Business Labs

A study on ridesharing drivers -  The Economics of Ride-Hailing: Driver Revenue, Expenses and Taxes - was released last week by the MIT Center for Energy and Environmental Policy Research.   Our research 18 months ago on ridseharing driver earnings (net of expenses) found a $12-$14 per hour range for an average Uber/Lyft driver. 

Expenses 155
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The Gig Economy Fills a Need for Low Friction, Highly Flexible Gig Work

Small Business Labs

One recent survey showed 54 percent of Americans say they would have trouble paying their bills if they were forced to go without more than two paychecks and 20% say they would have trouble if they missed one paycheck.    Most Americans also don't have strong financial reserves.

Skills 178
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The Paradox of Increasing Business Travel; Skift's 2020 Travel Trends

Small Business Labs

Rethinking Corporate Travel Expenses. The chart below illustrates the fact that 9 out of 10 business executives surveyed agree with this. Winning the Price, Loyalty, and Experience Trifecta. Platforms Simplify the Ancillary Purchase Process. Expanding the Sharing Economy. Bleisure Travel is the New Black.

Travel 130
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The On-Demand Workforce Continues to Expand

Small Business Labs

  For this year's study we surveyed 6,247 independent workers who find work assigments via twelve on-demand economy and online talent marketplaces. Forty-one percent say that a financial hardship – such as a job loss, medical problem, or unexpected major expense – impacted them during the prior year. 20 and Nov.

2016 134