RESEARCH Paychecks, Paydays, therefore the On The Web Platform Economy

Finding Five

In just about any provided thirty days, 0.4 per cent of grownups took part in labor platforms and 0.6 per cent of grownups took part in money platforms. In total, 1.0 % of grownups took part in the Online Platform Economy in September 2015—a 10-fold development since October 2012.

Cumulatively, 0.9 % of grownups had at one point took part in work platforms and 3.3 % of grownups had at one point took part in money platforms. As a whole, 4.2 % of grownups had ever took part in the Online Platform Economy in September 2015—a 47-fold development since October 2012.

Paychecks, Paydays, in addition to On Line System Economy | JPMorgan Chase Institute

Finding Six: The Online Platform Economy had been a additional revenue stream, and individuals didn’t increase their reliance on platform profits in the long run.

Even though sheer amount of people participating increased quickly, reliance on platforms stayed stable with time with regards to both the small small fraction of months that individuals had been active while the small small fraction of total earnings received on platforms in active months.

Finding Six

Even though the sheer number of individuals participating has increased quickly, reliance on platforms stayed stable as time passes with regards to both the small fraction of months that participants are active in addition to small small small small fraction of total income gained on plat- kinds in active months.
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