The economic principle I researched was people gain when they trade voluntarily. An example of this is Craigslist, Uber, AirBnB, and Handy. These companies allow people to work voluntarily and have a flexible schedule and still make money. While studying my research topic: How does the gig economy let people make money by trading voluntarily? I found many examples of this principle which connect to people working as freelancers and making money. In my first blog post I researched how the gig economy helps people support their families. It is possible to do this however you would have to work long hours (Uber) or have many properties (Airbnb) to make a decent living. Second, I researched the pros and cons of working for the gig economy. Some of the pros included flexible hours and some of the cons included lack of benefits. Third, I researched how taxes work in the gig economy. Freelancers have to file their own taxes which is tough and might leave you in the rough with the IRS if you don’t file them correctly. Overall, you can see that there are many steps that you have to take to work for the gig economy which in the end translate to working voluntarily (work when you want) and making money by doing freelance jobs.
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