In this edition of Gig Scoop: 10K new EV from Uber, Does Gig algorithm burn out gig workers? and more..

Hey Gigsters 👋🏻

What’s up in this edition👇

🗞️ On the news

Uber joining hands with BYD to bring 10,000 electric vehicles
Uber has partnered with electric carmaker BYD to deploy over 10K electric cars (BYD Atto 3) in Australia. As part of Uber’s green ride-share plans, these cars will be available to drivers on a lend-to-own scheme.

The good news is this will reduce emissions footprint, and for drivers, this means an opportunity to maximise earnings.

Read more here

73% of gig workers struggle with cash flow 

Data analytics on the expenses of 5000+ gig workers by MyGigsters showed that over 73% of gig workers struggle with cash flow and constantly need access to credit. Unfortunately, gig workers, only have limited access to fit-for-purpose credit products. This impacts financial stability and safety during gig work.

Are algorithmically controlled gig workers deeply burned out?

In the gig economy, where people take on flexible work, this study looked at how workers feel about algorithms controlling their jobs and how it affects their motivation. The research found that gig workers who think algorithms are in control tend to be more engaged in their work. However, this feeling of being controlled by algorithms can also lead to burnout, which affects work engagement.

Interestingly, having a good experience with the technology moderates the impact of burnout, meaning gig workers can still stay motivated despite feeling burnt out due to algorithmic control.

Read the full research paper here

📈 Latest Trends

• The global gig economy accounts for up to 12% of the labour market - generating $5.4 Trillion in revenue in 2021. Read the full report from Upwork here

⭐️ Platform Spotlight

Medoo - The ultimate software for coaches, people leaders and therapists. This AI-powered Tool will help you increase coachee retention, engagement and throughput. Check it out.

💰 Gig Radar - What can I do to earn extra $

🎄Xmas means more Deliveries.

With Santas preparing to deliver all the gifts this season, there will be massive demand for the ‘last mile’ delivery service. Look for opportunities for platforms such as Amazon Flex for earning opportunities.

🛠️ Tool for the day

Contra for freelancers- An AI tool that will automatically grab your work and build an awesome-looking portfolio with all the bells and whistles.

🎙️ Latest from Gig Pod

This episode is part of our financial well-being series.

A coffee chat with Swami about the seven mistakes gig workers should avoid. The mistakes that Swami and I have personally made in the past working in different gig platforms.

Tune into the episode here

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See you in the next edition - Go Gigsters!

Benjemen
CEO & Founder of MyGigsters