When faced with financial uncertainty, taking control of your own income is an empowering human instinct. During and after the financial crisis of 2008, many newly unemployed turned to the company I founded, TaskRabbit, to fill in income gaps, replenish savings, or gain flexible income while starting up a different type of business. Others turned side hustles into careers with the help of Shopify and Etsy. Still more plugged into the burgeoning array of on-demand companies to monetize their cars and homes. Many eventually found their way back into traditional employee roles, and some decided to continue on as solopreneurs.
This time of immense financial uncertainty will be different.
With more than 44.1 million Americans filing for unemployment since the start of the COVID-19 pandemic, this country is experiencing the highest unemployment rate since the Great Depression. That’s more than a quarter of the American workforce out of work. Some economists are predicting that a large…
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Source : fastcompany.com
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