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  • 11.15.16

Average monthly earnings for gig economy workers are in decline 

Sharing economy platforms like TaskRabbit and Uber are struggling to retain their workers—and now, we have a better idea as to why. Average monthly earnings for labor platform contractors have fallen 6% since June 2014, according to a new analysis by the JPMorgan Chase Institute. 

The declining wages are due in part to increased competition, which has led to lower prices. (No wonder over half of Uber drivers quit within a year.)

[Photo: Flickr user Renate Dodell]

AH