When it comes to working people choose jobs for multiple different reasons. You may prioritize pay, flexibility, distance from your home or something else. Now a consideration for people in the job market is should I even get a fulltime job or should I just work in the gig economy.
Personally I have my own opinion of what course you should take, but that is strictly based on my opinion of the matter. Below I am going to go through the pros and cons of working full time vs working in the gig economy. Just because one is right for someone else does not mean it is right for you. Let me also state a large portion of our site’s revenue comes from referring people to gig economy jobs. HOWEVER, that does not mean that slates our opinion. Working in the gig economy is right for some people, for others its not. Which one of those two you are in your decision. In addition just because you choose one does not mean you cannot choose the other at a later date.
Working Fulltime (Pros)
Currently, in the US health insurance, retirement account, and other benefits are tied to employers. Getting such benefits without an employer is difficult. In addition, employers often pay for portions of benefits and contribute to 401K and other retirement plans.
Regular Pay Schedule (+)
For many people, a regular consistent pay schedule is very important. This allows you to plan your life and expenses. Most positions have a salary and even in sales positions, you’ll generally know how much you’ll sell.
Regular Hours (+)
Having the same hours every week allows you to plan your life. Most employers offer the same hours every week.
Career Advancement (+)
You always have a boss wherever you go in a general sense. When working for a company that boss could be you. Working fulltime often allows you to advance in your career at the company you currently work at or at a competitor.
You Have A Mentor (+)
Often times bosses are looked down on but they’re extremely helpful. Bosses generally have more experience and can be a helpful mentor in working in an industry or position.
Working Gig Economy (Pros)
You’re Your Own Boss (+)
You Work When You Want (+)
You’re Paid Exactly How Good You Are (+)
If you are good at driving people around or delivering food fast you’ll get paid more because you’ll ger get more work done and better tips.
You Work As Much As You Want (+)
If you want to work more you can. For most gigs, you make your own schedule. If you want 65 hours you can work that many if you only want 3 you can do that too.
Working Fulltime (Cons)
You’ve Got A Boss (-)
Many people don’t like having a boss for whatever reason they choose. Working fulltime you have a direct supervisor.
Pay Is Typically The Same (-)
This can be a negative because at most jobs you get just about the same pay every week or have set hours and picking up more hours can be difficult. In the gig economy, you pick up as many hours as you want.
Working Gig Economy (Cons)
You’re Your Own Boss & You Have No Boss (-)
This sounds weird this can be a pro & a con but think about it. If you’re own boss that means you have to do everything yourself and it means you have no to little instruction. A good boss is like a mentor and without one, you’re kinda on your own.
No Benefits (-)
Some gig economy jobs are unraveling benefits but they usually cost quite a bit more. Working fulltime you have reliable health, dental, vision and 401k benefits.
No Career Advancement (-)
There isn’t a senior Uber driver or Grubhub lead delivery strategist position. The position you start at is pretty much the one you’ll have till you stop.