In times of inflation and economic instability, the gig economy often sees a surge as individuals seek alternative sources of income. The gig economy, characterized by short-term, flexible jobs, has proven to be adaptable in such conditions.

For example, during periods of high inflation, traditional full-time jobs may not offer sufficient income to keep up with rising prices. This prompts individuals to turn to gig work, such as driving for ride-sharing services or freelancing, to supplement their earnings.

Moreover, the gig economy provides opportunities for individuals to leverage their skills and assets in creative ways. This can include renting out a spare room through platforms like Airbnb or offering services on freelance websites like Upwork.

References:

• "How the Gig Economy Can Help During Economic Downturns" - Forbes
• "The Gig Economy and the Future of Work" - McKinsey & Company