Latest news with #gig economy
Yahoo
2 days ago
- Business
- Yahoo
I asked ChatGPT for Prompts To Find High-Income Side Gigs — Here are the 6 Best
For the past several years, the gig economy has been neck and neck with full-time work in the race to see where you can make the most money. However, with so many opportunities available — from rideshare driving to freelance writing — finding a great side gig that boosts your income without overwhelming your schedule is like finding a pot of gold. Luckily, ChatGPT has entered the… chat. Read Next: Find Out: With just a little strategizing, it doesn't seem to matter what your long-term job title is because you can just go where the extra money takes you or where artificial intelligence (AI) directs you. If you are ready to start raking in some extra dough, here are six specific and user-friendly ChatGPT prompts you can enter to find that high-paying side hustle you've been searching for. Prompt 1: 'Identify High-Income Skills Relevant to My Background' First, you should figure out what you're good at because you might have skills you've never thought to monetize. These can include everything from a data visualizer to social media management. Start by asking ChatGPT to identify high-income skills relevant to your educational background, work experience and hobbies. For instance: 'Can you identify high-income skills relevant to a degree in graphic design and a passion for digital art?' This prompt will help ChatGPT tailor its suggestions to your unique skill set, making the side gig search more personalized and effective. If you were a teacher, this would be the lesson plan stage of execution. Discover More: Prompt 2: 'List Remote Side Gigs for [Your Skill]' In today's digital age, remote work is not just a convenience; it's a game-changer. After identifying your high-income skills, you should ask ChatGPT for remote side gigs that match those skills. Replace '[Your Skill]' in the prompt with your specific talents, such as coding, writing or graphic design. For example: 'List remote side gigs for software developers with expertise in mobile app development.' This prompt will help you discover remote opportunities that fit your schedule and skill set, all from the comfort of your home. Prompt 3: 'How To Start Freelancing as a [Your Profession]' If you're new to the freelancing world, this prompt is for you. Replace '[Your Profession]' with your area of expertise to get tailored advice on launching your freelance career. For example: 'How to start freelancing as a digital marketer?' ChatGPT can provide a step-by-step guide on setting up your freelancing business, from creating a portfolio to finding your first clients. Prompt 4: 'Find Upcoming High-Paying Gig Economy Trends' Since staying ahead of the curve is key in the gig economy, consider asking ChatGPT about upcoming trends in high-paying gigs to find emerging opportunities before they become saturated. You can try writing: 'What are the upcoming high-paying gig economy trends in 2025?' This prompt can uncover new and potentially lucrative areas to explore, giving you a first-mover advantage. Prompt 5: 'Recommend Online Courses for Advancing in [Your Field]' Investing in yourself and your education is important for staying competitive. If you're looking to level up your skills, ask ChatGPT to recommend online courses in your field. For instance: 'Recommend online courses for advancing in digital marketing.' ChatGPT can suggest a variety of resources, from free online courses to comprehensive certification programs, to help you grow your skill set and increase your earning potential. Prompt 6: 'How To Network Online for [Your Side Gig]' Most successful people know that networking can be the key to unlocking some of the best opportunities. To find out how to expand your professional network online, try tailoring this prompt to your specific side gig or field. For example: 'How to network online for freelance graphic designers?' This prompt can lead you to strategies for building valuable connections in your field, from joining specialized online communities to attending virtual networking events. Final Take To GO: ChatGPT Can be a Money Maker The bottom line is that finding a high-income side gig might seem daunting, but with the right approach and resources like ChatGPT, it's entirely within your reach. It may seem counterintuitive to ask a robot thought-provoking questions to assist you on your career path, but ChatGPT does seem to be able to steer you toward areas where you can earn extra income. No matter if you work as a part-time project manager or produce social media content, chances are AI can help you find an income stream that suits your skills. There are many different career paths you can take if you are clear about your objectives. Use these prompts as a starting point to explore your options, enhance your skills and connect with opportunities that align with your career goals and lifestyle. More From GOBankingRates 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on I asked ChatGPT for Prompts To Find High-Income Side Gigs — Here are the 6 Best Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
7 days ago
- Business
- Forbes
Gig Economy In 2025: Regulatory Shifts And Tech-Driven Opportunities
Jack Thorogood, Founder and CEO at Native Teams — a global platform for work payments and employment, operates in 85+ countries. The value of the global gig economy is expected to surpass $600 billion this year, driven in part by the explosive growth in digital platforms. Governments are catching up by extending new rules on how platforms engage with workers. Meanwhile, the gig workforce demands more than just flexible work—they expect fairness, equal financial opportunities and protection of their rights. The gig economy is at a turning point. I think the next phase will demand balancing gig workers' expectations, new regulatory frameworks and next-gen automation tools. The Gig Economy By The Numbers The global gig economy has become an economic force in its own right. If we take a look at the numbers, platform-based labor generated $556.7 billion in 2024 and is projected to grow at a CAGR of 16.18% from 2025 to 2033. A 2023 report found the gig workforce made up approximately 12% of the total global labor market. And while sectors like ridesharing and food delivery are still dominant, creative and professional services are also gaining traction. Despite this growth, the market still remains highly fragmented. First-tier platforms control a significant portion of the total gig economy spending, and hundreds of smaller regional players serve niche markets or local needs. While this fragmentation creates a lot of opportunities, it also triggers regulatory challenges that need to be addressed to ensure fairness. Regulatory Inflection Points Regulators across the globe are already moving from observation to intervention. The platform work directive in the EU, set to take effect by December 2, 2026, introduces major shifts for the gig workforce, including a presumption of employment, stricter rules around algorithmic management and data transparency. In early 2024, the Biden administration issued a new rule that narrows down the definition of independent contractors, aiming to reclassify more gig workers as regular employees. The situation in Latin America is similar. Brazil has already introduced gig-worker protections, while Mexico introduced social security coverage for platform workers. As countries implement these changes, some are also 'gold-plating' with national-level requirements beyond the international ones. These added layers of regulation may be well-intentioned, but in practice, I note fragmented compliance and the need for automation as a regulatory necessity. Worker Expectations And Social-Ethics Shifts As the gig economy moves forward, it's clear that workers need more than flexibility. Here, I'm speaking about benefits parity, real-time access to earnings and more transparency on how essential platform decisions are made. Gig work is no longer temporary or done on the side—for many, it's a full-time career. These people need solutions to manage cash flows, reduce payday loan dependency and contribute to state pensions and social security systems. After all, if gig work is the main source of income, it must come with a way to secure future benefits. The rise of instant-pay wallets and virtual cards is just one piece, and by 2025, many expect them to become the default infrastructure. That said, I suggest platforms work on fairness and transparency. Embedding ethical design products that give workers appeal rights and clear visibility into how systems operate is becoming essential to help the gig workforce thrive and meet international directives and regulatory standards. Technology As The Great Enabler As the operational bar for platforms is rising, technology can help meet these requirements. Manual processes are now replaced by automation stacks, and platforms are following the shift by transforming into entire employment ecosystems. Employer of record (EOR) switch-over modules are one example. These systems automatically detect when a worker's status should transition from contractor to employee based on specific legal thresholds. Bulk-pay engines and compliance dashboards count here, too, especially as the most sophisticated ones provide visibility to payments, taxes and benefits. Seeing these advancements making major shifts, gig platforms are now expected to explain how their algorithms work, especially when decisions affect a worker's income or status. In fact, in the Netherlands, Uber was fined nearly €600,000 for lacking transparency in automated driver dismissals, showing what could happen when algorithmic governance is ignored or overlooked. Hence, embedding audit logs, explainability and human-in-the-loop reviews is becoming a regulatory baseline. Finally, I'm seeing plug-and-play APIs helping platforms integrate dispatch tools, HR systems, invoicing apps and beyond. In short, technology is what keeps the entire gig economy moving. However, these technological upgrades come with their own cost. Compliance tools, such as worker status monitoring and algorithmic audits, require ongoing investment, which can strain smaller platforms and ultimately lead larger players to adjust their charging methods for gig workers. As expected, this could indirectly harm the gig workforce's earnings and automatically raise questions about how to balance compliance and fairness with financial stability. New Business Models And Revenue Streams Gig platforms are no longer just intermediaries between supply and demand—they're becoming a whole new business model. The embedded finance market hit $104.8 billion in 2024 and is projected to grow at a 23.3% CAGR through 2034. The integration of embedded solutions, such as micro-lending, insurance and savings products, directly into these platforms aids the gig workforce in achieving stability and provides new monetization levels for platforms. Value-added services are gaining ground at the same time. Platforms today offer subscription-based analytics, workforce health dashboards and compliance-as-a-service partnerships. Collaborations between aggregators, EOR providers and pay-tech vendors are also becoming common—all of this to accommodate the gig economy growth. From my perspective, these shifts aren't theoretical. I've seen firsthand how even small changes, like introducing flexible payout schedules, can directly impact gig workers' ability to stay financially afloat. The pressure isn't just on platforms to grow revenue; it's on all of us to design infrastructure that matches the reality of the gig economy. By creating systems that give workers control over their income, access to social protection schemes and better financial security, industry leaders can contribute to an ecosystem that puts the worker first and makes the global economy more resilient. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Yahoo
14-07-2025
- Business
- Yahoo
2 Beaten-Down Stocks That Could Bounce Back
Block's shares look attractive at current levels, given its position in the fintech market. Fiverr has barely scratched the surface of its massive addressable market. 10 stocks we like better than Block › One good way to earn superior returns over the long run is to invest in companies that are at the forefront of technological (or other) changes. That description fits Block (NYSE: XYZ) and Fiverr (NYSE: FVRR) well -- the former is a leader in fintech, while the latter is helping power the fast-growing gig economy. Neither stock has performed well this year, and in Fiverr's case, it has significantly lagged broader equities since its 2019 IPO. However, both could still deliver excellent performances over the long run. Block's shares have declined this year due to disappointing financial results. The company has rebounded somewhat over the past month, but its shares are still down 20% year to date. Even so, there are several reasons to remain bullish on the stock. Let's consider three. First, Block is an innovator. It gained popularity due to its sleek point-of-sale systems, which were especially well suited for small and medium-sized businesses. That allowed Block to create a seller ecosystem and offer its business clients a range of other services. Block is still at it. The company recently launched Square Handheld, a portable POS that could be easily mistaken for a smartphone. The device comes with a range of functions beyond payment processing, including inventory management. Innovations like these can enable Block to extract even more value from its large Square ecosystem. Second, the company's Cash App ecosystem also appears to be quite strong. Block offers many services that allow it to compete with more traditional banks, from a debit card to stock and cryptocurrency investing, all on a sleek, modern platform. With 57 million transacting actives -- many of whom are still not signing up for many of the app's offerings -- there is plenty of room to grow there if the company can cross-sell more of its offerings. Third, Block's shares appear reasonably valued after the recent decline. The company's forward price-to-sales is just 1.7, which is within a range to consider it undervalued. True, there are some risks involved here. Notably, Block is going all in on Bitcoin, which has contributed meaningfully to its revenue in recent years. However, given the volatility in the cryptocurrency world, it's hardly a sure bet that it will be a net benefit for the company over the long term. Block might be somewhat risky due to that aspect of the business, but for investors who can stomach the volatility and intend to hold on to its shares for a long time, Block could be a great buy at current levels. Fiverr became a publicly traded company just before the pandemic, during which its services were in high demand. However, that tailwind has cooled down significantly over the past few years. Even so, Fiverr has made tremendous progress. Revenue is still climbing at a decent clip and, perhaps most importantly, Fiverr has turned a profit. Although the stock is still far from its all-time highs, it could benefit as the gig economy continues to expand. Fiverr helps connect freelancers with the businesses that want their services. For the latter, it helps them quickly onboard people for projects -- whether one-time or recurring -- without having to make them full-blown employees who are entitled to a range of benefits. In other words, it is a faster and more cost-effective way to recruit talented workers for the team. Freelancers benefit from being able to market their skills on a platform where they know people will be looking. The gig economy is expected to continue expanding in the coming years. Fiverr, a leading platform in this niche with a recognizable brand name and a network effect, should benefit from the trend. As the company argues, the overwhelming majority of freelancing activity still happens offline. As that migrates into online channels, it will create increasing demand for its services. Fiverr estimates a $247 billion addressable market in the U.S. Even capturing a small fraction of that -- say, 1% -- in the next decade or so would lead to consistent top-line growth for a company whose trailing-12-month revenue is just $405.14 million. Fiverr's shares could recover and deliver strong returns for patient investors who initiate positions in the stock today. Before you buy stock in Block, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Block wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Prosper Junior Bakiny has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Block, and Fiverr International. The Motley Fool has a disclosure policy. 2 Beaten-Down Stocks That Could Bounce Back was originally published by The Motley Fool Sign in to access your portfolio
The Guardian
05-07-2025
- Politics
- The Guardian
Home Office announces ‘nationwide blitz' on asylum seekers taking jobs
The Home Office has announced what it is calling a 'nationwide blitz' on asylum seekers who take jobs, after recent political controversy about people in asylum hotels working as food takeaway delivery riders. In a statement, which gave few specifics, the Home Office pledged to begin 'a major operation to disrupt this type of criminality' based around enforcement teams focusing on the gig economy, particularly on delivery riders. 'Strategic, intel-driven activity will bring together officers across the UK and place an increased focus on migrants suspected of working illegally whilst in taxpayer funded accommodation or receiving financial support,' the statement said. It follows media stories about evidence that people who are living in hotels waiting for their asylum claims to be processed, and who are banned from working, have been using the log-ins of people with official migration status to work for companies such as Deliveroo, Just Eat and Uber Eats. Ten days ago the shadow home secretary, Chris Philp, posted a much-shared social media video of him visiting an asylum hotel in London and finding bikes laden with bags from the various food delivery companies packed together in an outside courtyard. On Monday, Uber Eats, Deliveroo and Just Eat promised to increase the use of facial verification checks for riders after a hastily arranged meeting with Home Office ministers. The Home Office statement said anyone caught working could lose their accommodation or support payments, and that businesses found to be employing someone not entitled to work could face fines of up to £60,000 per worker, as well as director disqualifications or prison terms. It said there had already been an increase in enforcement and arrests connected to illegal working in the year since Labour took power. Asylum and immigration is seen by ministers as an area of political vulnerability, one being exploited by Reform UK and the Conservatives. While a huge backlog of unprocessed asylum claims is being gradually reduced, the number of asylum seekers arriving on small boats across the Channel has risen. Keir Starmer is to discuss the issue with Emmanuel Macron when the French president visits the UK next week, with the possibility of a 'one in, one out' deal in which the UK could return those on small boats to France in exchange for accepting asylum seekers with links to Britain via more formal means. Yvette Cooper, the home secretary, said the government was increasing action to combat the 'pull factor' of such work. However, she said: 'There is no single solution to the problem of illegal migration. That's why we've signed landmark agreements with international partners to dismantle gangs and made significant arrests of notorious people smugglers.' Philp said: 'It shouldn't take a visit to an asylum hotel by me as shadow home secretary to shame the government into action. Illegal working by asylum seekers – most of whom also entered the country illegally – is happening from the very hotels Yvette Cooper is using our money to run. 'The government could easily stop it. I saw Deliveroo and other bikes parked in the hotel's own compound - yet all the security guard cared about was me filming.'
The Guardian
04-07-2025
- Politics
- The Guardian
Home Office announces ‘nationwide blitz' on asylum seekers taking jobs
The Home Office has announced what it is calling a 'nationwide blitz' on asylum seekers who take jobs, after recent political controversy about people in asylum hotels working as food takeaway delivery riders. In a statement, which gave few specifics, the Home Office pledged to begin 'a major operation to disrupt this type of criminality' based around enforcement teams focusing on the gig economy, particularly on delivery riders. 'Strategic, intel-driven activity will bring together officers across the UK and place an increased focus on migrants suspected of working illegally whilst in taxpayer funded accommodation or receiving financial support,' the statement said. It follows media stories about evidence that people who are living in hotels waiting for their asylum claims to be processed, and who are banned from working, have been using the log-ins of people with official migration status to work for companies such as Deliveroo, Just Eat and Uber Eats. Ten days ago the shadow home secretary, Chris Philp, posted a much-shared social media video of him visiting an asylum hotel in London and finding bikes laden with bags from the various food delivery companies packed together in an outside courtyard. On Monday, Uber Eats, Deliveroo and Just Eat promised to increase the use of facial verification checks for riders after a hastily arranged meeting with Home Office ministers. The Home Office statement said anyone caught working could lose their accommodation or support payments, and that businesses found to be employing someone not entitled to work could face fines of up to £60,000 per worker, as well as director disqualifications or prison terms. It said there had already been an increase in enforcement and arrests connected to illegal working in the year since Labour took power. Asylum and immigration is seen by ministers as an area of political vulnerability, one being exploited by Reform UK and the Conservatives. While a huge backlog of unprocessed asylum claims is being gradually reduced, the number of asylum seekers arriving on small boats across the Channel has risen. Keir Starmer is to discuss the issue with Emmanuel Macron when the French president visits the UK next week, with the possibility of a 'one in, one out' deal in which the UK could return those on small boats to France in exchange for accepting asylum seekers with links to Britain via more formal means. Yvette Cooper, the home secretary, said the government was increasing action to combat the 'pull factor' of such work. However, she said: 'There is no single solution to the problem of illegal migration. That's why we've signed landmark agreements with international partners to dismantle gangs and made significant arrests of notorious people smugglers.' Philp said: 'It shouldn't take a visit to an asylum hotel by me as shadow home secretary to shame the government into action. Illegal working by asylum seekers – most of whom also entered the country illegally – is happening from the very hotels Yvette Cooper is using our money to run. 'The government could easily stop it. I saw Deliveroo and other bikes parked in the hotel's own compound - yet all the security guard cared about was me filming.'
