Is This the End of the Gig Economy?

This week, I’ve found out that 3 of my friends are trading in their self-employed status for “normal” full-time jobs.

Whoa. And it’s only Tuesday.

37% of Americans are part of the ‘Gig Economy’: a term used to loosely describe anyone outside of a traditional, full-time job with an employer. That’s freelancers (Uber drivers included), entrepreneurs, consultants and small business owners.

The freedom to work flexible hours, from home or your favorite coffee shop and to pursue projects that ignited a passion were all promises of the new economy. But is it possible that it’s not working out? It was once predicted that contractors and independent workers would mean the end to traditional employees. But maybe good ol’ fashioned employment is making a comeback?

Why are my friends leaving the freedom of self-employment? Being part of the Gig Economy isn’t easy. The pay comes in ebbs and flows. There’s the hussle of always being ‘on’ (no matter how much you outsource, your business is, at the end of the day, always your responsibility). And there aren’t sick or vacation days.

They’ve finding that freedom doesn’t come from choosing your schedule, but in receiving a steady paycheck, healthcare and leaving your work at the door at 5pm. They have a point.