The Gig Economy is Changing the World
πŸš— Learn How I Turned Car Sharing Into a Six-Figure Semi-Passive Revenue Stream:
https://aubreyjanik.teachable.com/p/the-car-sharing-masterclass
— Use Code YOUTUBE for $25 Off
πŸ”’Join My Private Group on Patreon: https://www.patreon.com/carsharingmasterclass
__________________________________________________________
Check Out My Courses Below:
πŸŽ₯: Learn How to Make Money From YouTube: https://aubreyjanik.teachable.com/p/the-content-creators-masterclass
πŸ’» Learn How To Make Money from the Freelancing: https://aubreyjanik.teachable.com/p/the-freelancing-masterclass

Check Out My Affiliate Partners (I Make Money From These Links):
πŸš™ List a Vehicle on Outdoorsy: https://www.outdoorsy.com/invite/aubreyj768060/owner
β›Ί Rent an RV on Outdoorsy: https://www.outdoorsy.com/invite/aubreyj768060/renter
πŸ”§ Tired of Spending Money Fixing Your Car?:
https://fixd-automotive.myshopify.com/pages/aubreyjanik?
πŸš€ Get 2 Free Stocks on WeBull When You Deposit $100 (Valued up to $1400):https://act.webull.com/k/UVGILXUnXJJB/main
πŸŽ₯ Check Out the Gear I Use to Make My Videos, Build My Van & Manage My Turo Fleet: https://amzn.to/3gBbxBE
__________________________________________________________
Time Stamps Below:

00:00 – Intro
What’s up you guys, today we are going to be breaking down the current state of the economy and how the Gig Economy is changing everything we know about economic policy.

00:45 – What is the Gig Economy?
The Gig Economy is the idea of idea of doing contract or per-project work outside of a traditional 9-5, it is a way for people to diversify their income, create multiple revenue streams and also increase your overall income as well.

02:19 – The Phillips Curve
The Phillips Curve is an economic metric used to help the federal reserve dictate where to put interest rates – basically, in a really simple explanation, the Phillips curve is the idea that unemployment and inflation have an inverse relationship. As unemployment goes up, inflation goes down and vice versa.

03:06 – How The Gig Economy is Affecting the U.S. Economy
But, in recent years studies have shown that the Gig Economy is actually having a pretty significant impact on the US economy, specifically the Phillips Curve – because of the gig economy, fewer people are reporting themselves as unemployed, but these same workers are oftentimes also earning less in the gig economy. This is throwing off the economic data as a whole.

05:26 – Conclusion
The rise of the gig economy is affecting what economists have historically used to guide economic policy – this is in part due to more people becoming self-employed while simultaneously earning less.

07:59 – Closing
I hope you guys enjoyed this video, make sure to hit the like, subscribe, and the notification bell and I will see you guys in the next video.

SOURCES:

2021 Side Hustle Statistics: Trends and Data


https://www.bbvaopenmind.com/en/articles/the-impact-of-the-gig-economy/
https://www.ey.com/en_gl/tax/how-the-gig-economy-is-changing-the-workforce
https://fortune.com/2019/06/14/phillips-curve-unemployment-inflation/
https://www.dallasfed.org/research/papers/2018/wp1814
__________________________________________________________

Follow Me On Instagram: @Aubrey.Janik
Follow Me On TikTok: @Aubrey.Janik
Check out My Vlog Channel: https://www.youtube.com/channel/UCQilCSjZe2dG7Yp-cRg3gTw
__________________________________________________________

Disclaimer:
I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice…etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Aubrey may have an ownership interest in them – Please do not make buying or selling decisions based on Aubrey’s videos. If you need advice, please contact a qualified professional.

#SideHustles #GigEconomy #Changing

source