The Gig Economy is continuing to grow and heading inexorably in a sustainable, green direction and reflecting marketplaces as they change. With billion-dollar revenues in point-to-point last-mile delivery, personal transport, renewable power, niche software and services, and rental/resales. Your next opportunities in flexible, climate-friendly work are highly likely to lie in these areas. Read on for more information…
The world of work and income has changed. Decrepit and heading to a dusty death are the old models of employment and income. A new wave is here and it is growing in power and reach.
The Gig Economy, already present in nascent form before 2008 in the shape of freelancing and short-term contracts, found fertile soil in the financial crises of the late 2000s and a helping hand up in the rise of mobile digital apps and their hardware platforms.
In only a few short years, the Gig Economy became a large sector in the labor market, employing millions of workers worldwide. Companies like Uber, Airbnb, and Deliveroo are now household names.
Then along came Covid, triggering another rise in the sector with millions of remote workers switching to flexitime and discovering the freedoms (and lower costs in both time and money) of working from home.
In the United States alone, the number of freelancers is now projected to reach approximately 57.3 million by 2028, and in 2023 the total value of the sector was valued at a whopping $453 Billion.
Attitudes to working are therefore irrevocably changed. The old job for life is a dinosaur, consigned to a museum of casual and half-incredulous consideration. Only in vocations is it likely to remain a ‘thing’, such as any highly trained and skilled position that still needs to operate from a centralized and integrated team location.
But what’s next to affect this sector we ask?
The next factor to affect the economy globally is without doubt, climate change. This will be from both negative effects and positive responses to it in lifestyle and buying habits.
The smart money is already getting onboard, with Assets Under Management (aka AUM) in sustainable funds (funds in green accredited services and assets) seeing a significant rise from 2018 to 2023. As of the second quarter of 2023, sustainable funds’ assets totaled hundreds of billions of dollars globally.
And where the funds market goes shows us where the market is. New products such as electric/hybrid vehicles are now a common sight on our streets. People shop green, favouring organic produce. They are installing solar panels and smart, energy efficient appliances.
Financial products such as Carbon Credits after a shaky start several years ago are recovering and a stable model is emerging there. The industrial renewable power sector is, for want of better word, exploding in the rush towards Net Zero emissions targets.
Out on the horizon of the financial ocean, a green wave is rising. And some smart people are sitting on the beach, waxing their surfboards. Some who can afford boats and jet ski towing are already out on the wave…
Therefore, for persons looking to position themselves for the future and make money, these two sets of facts above present an undeniable conclusion.
The gig economy is going to grow and when it does so, it will grow green.
We would like to present you with a shortlist of areas where you can immediately find work on your own terms.
This list covers the main players and is in no way exhaustive so please consult the internet for more examples also if you don’t find what you seek here. We will also mention some Green Stocks for investing here and expand on these in later linked posts.
We hope you found these examples informative and useful, but we are not finished…
Of course this sector is not going to stop innovating and we would like to now share some examples of ‘Unicorn Companies’ – startups that are breaking new frontiers and opening new trails. These companies may offer investment or employment opportunities to forward looking persons.
These Unicorns show that the next wave of start-ups won’t be disrupting primary sectors, rather they will tend to offer services to niche sectors that according to the New York Times ‘offer larger opportunities than previously expected’.
New products such as PowerFoyleTM by Exeger also show us that game-changer technologies are developing and moving up the supply chain.
The moral of our story is that there is plenty of opportunity for work and investment, and this is just the beginning.
Surfs Up, Dudes!