There are more people working "gig economy" jobs than ever — but most are making less money than they used to.
A Monday analysis by Recode found that people employed by rideshare companies like Uber and Lyft made 53 percent less in 2017 compared to 2013. The same was true for people working for the food delivery apps Uber Eats and Postmates.
An Uber driver used to make about $1,469 a month, but a few factors — fewer hours, lower demand, lower trip prices, and lower wages — have pushed the average monthly income down to $783, says Recode. An Uber representative attributed the change to the number of workers who drive part-time. A Lyft spokesman told MarketWatch that hourly earnings have remained steady.
— Recode (@Recode) September 24, 2018
Other gig economy jobs, which include many temporary or contractual jobs, haven't been hit quite as hard as the transportation sector. For example, people who rent homes using Airbnb have seen the opposite effect, with incomes rising 69 percent in the last five years from $662 to $1,736 per month.
Overall, online gig economy jobs have become more popular. In 2013, less than 2 percent of the working population participated in the industry, which also includes companies like the car-share app Turo and freelance work platforms like TaskRabbit. Now, nearly 5 percent of the working population works at least one "gig" job. See more data at Recode. Summer Meza