Employees across every industry may be facing unprecedented times, but at least they’re facing them together.
Gig workers and corporate workers alike — 78% and 75%, respectively — are worried about their financial health should a recession hit in the next year, according to a new report from online staffing platform Wonolo. Neither community feels prepared to pay for all the necessities of their family with their current income — but will their respective relationships to their employers impact their ability to weather a downturn?
“The last recession we had back in 2008, surprisingly, corporate workers were less prepared than gig workers at the time — once their jobs were impacted they didn’t have access to different contingent work because it was just not familiar for them,” says Young Kim, founder and CEO of Wonolo. “Gig workers were better prepared because they were a lot more adaptable to volatility.”
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