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Gig workforce expands and presents new opportunities

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WAUSAU, Wis. (WSAW) – As many Americans eagerly await their next stimulus payment and tax returns and consider new ways to make ends meet, the gig workforce continues to expand and present new opportunities. Digital banks are introducing new solutions and tools designed to address these challenges and needs.

  • Historically, 1 in 3 households that become unbanked have experienced a significant income or job loss. With unemployment skyrocketing recently, the plight of the unbanked in the U.S. is set to worsen
  • Nearly half of unbanked households (48.9%) don’t have a bank account, because they don’t have money to meet minimum balance requirements. Over a third say bank fees are too high (34.2%)
  • 36.3% don’t have a bank account because they don’t trust banks

Craig J. Lewis, Founder & CEO of Gig Wage – a fast-growing FinTech start-up exclusively focused on bringing better financial tools to the 65-75 million people in the gig workforce, including payroll, payments, and compliance tools – joined NewsChannel 7 to discuss why so many Americans are struggling. He also shared tips to help Americans stretch their paychecks further and regain their financial footing.

For more information visit www.GO2bank.com

Copyright 2021 WSAW. All rights reserved.

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UK – Deliveroo riders strike over pay, gig work conditions (Associated Press)

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08 April 2021

Riders for the meal delivery work services platform Deliveroo held a strike in London yesterday over pay and working conditions, part of a broader backlash against one of the UK’s biggest gig economy companies, reports the Associated Press. Socially distanced protests were also planned in York, Reading, Sheffield and Wolverhampton to demand fair pay, safety protections and basic workers’ rights. The Independent Workers’ Union of Great Britain, which represents migrant and gig workers, expected hundreds of riders to take part. Deliveroo said that “this small self-appointed union does not represent the vast majority of riders who tell us they value the total flexibility they enjoy.” Rider surveys found most are happy with the company and flexibility was their priority, the company said in a statement.

The strike coincides with the first day of unconditional share trading for Deliveroo, which went public last week in a debut that saw the company lose nearly 30% of their value. However, a number of institutional investors skipped the IPO, citing concerns about employment conditions for riders and a dual-class shareholder structure that gives founder Will Shu outsize control.

The company saw its business boom over the past year because of Covid-19 restrictions that powered demand for meal deliveries. Riders say they haven’t been sharing in the success because the company has been paying them less. Deliveroo and other gig companies in the UK that rely on flexible workforces are also facing looming regulatory challenges, after the Supreme Court recently ruled Uber drivers should be classed as “workers” and not self-employed, entitling them to benefits such as minimum wage and pensions.

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Winter Games gig tough job for French ice master

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Remy Boehler is just one step away from realizing his Olympic dream in China, as the French ice master has been invited to lead the Capital Gymnasium’s ice-making team in preparations for the Beijing 2022 Winter Games.

“Everything is good,” Boehler said before his team set the first ice surface transition underway during the “Experience Beijing” Ice Sports Testing Program running through April 10.

“Everybody has a lot of jobs for making good ice, and I think it’s a good point for preparing the Games,” added the 44-year-old, who said three years ago in PyeongChang 2018, his third Winter Games, that he’s quite willing to serve the next Olympics.

Like every previous Olympic Winter Games, the Beijing 2022 figure skating and short track speed skating competitions will be staged on the same rink in the 53-year-old Capital Gymnasium, which has been newly renovated.

From Boehler’s point of view, however, it’s not the same at all, since figure skaters need “softer” ice to better support jumps while short track speed skaters favor harder ice for increased speed.

To meet the requirement of both sports, Boehler and his team have to adjust the ice temperature from minus 3-4 degrees Celsius for figure skating to minus 6-7 degrees for short track.

“This is the only venue that has to switch between two sports in the middle of a day, which gives us huge stress during these testing events,” said Ding Dong, head of the Capital Gymnasium venue operation team, explaining why they arranged seven transitions in six testing days.

With the most recently updated Beijing 2022 schedule seeing both figure skating and short track events on one competition day, while the rest of the days have the two sports every other day, the challenges to the field of play transition are mounting.

“The transition involves many aspects around the rink, including the conversions of some temporary facilities, like the starting station and the protective pads. The photo positions will differ as well.

“But, ice is above every other thing. It’s also the most difficult part,” echoed Shen Ling, transition manager of the CG venue operation team.

As short track and figure skating won China the most gold medals at the Winter Games, the two sports have a solid fan base in the host country, possibly leading to a more complicated situation for Boehler’s team, seeing that the Capital Gymnasium will be often fully packed at Olympic time.

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New Chart Positions In Gig App Provider Ranking

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Unemployment claims are up one week, down the next in the topsy-turvy world after COVID-19. Where does that leave gig workers? In the driver’s seat, as this update to PYMNTS’ Provider Ranking of Gig Economy Apps tells us loud and clear.

Not only are there gigs, but it’s never been easier to pull up those postings on your smartphone and peruse them like a restaurant menu. Makes getting a gig a whole lot simpler. We’ve got a job, so get out the Ranking Machine for the Provider Ranking of Gig Economy Apps.

The Top Five

Our four top-ranked apps seem to have entrenched to some degree (although you never know).

Still at No. 1 is DoorDash, donating a million bucks to driver’s charities in April, followed as usual by Uber Driver at No. 2.

Instacart Shopper needs no assistance from customer service at its No. 3 spot — and for that matter, neither does the Fiverr freelance marketplace app, keeping busy at No. 4.

Now for a changeup to close out this section: Amazon Flex moves up one spot to enter the top 5 at No. 5.

The Top 10

At No. 6, we find the Upwork app down one chart position from last month, with self-explanatory app Freelancer also dropping one position to land at No. 7.

Rideshare legend Lyft likes preferred parking at No. 8, just where we left it last time.

Hare beats tortoise, as it were, as the TaskRabbit app jumps up a spot to No. 9, pushing the mighty Grubhub for Drivers to No. 10 and completing this edition of the Provider Ranking of Gig Economy Apps.

That’s what we call part of a full day’s work.

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NEW PYMNTS STUDY: OPEN BANKING 2021 

About The Study: Open banking-powered payment offerings have been available in some markets since 2018, but the pandemic drove many consumers to try these solutions for the first time — and there’s no going back. In the Open Banking Report, PYMNTS examines open banking’s rise as merchants and payment services providers worldwide tap into such options to offer secure, seamless account-to-account payments.



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