America’s labor market is cooling, and workers are quietly turning to Uber and DoorDash to fill the income gap
America's labor market continues to cool, and the gig economy is quietly absorbing some of the employment strain being felt across the economy. A new Goldman Sachs analysis found that platform-based gig work opportunities — which include major tech players like Uber (UBER), DoorDash (DASH), and Instacart (CART) — are holding up as traditional payroll growth cools. About 20% of people who lost pay, lost a job, or had hours cut turned to gig platforms to make up the difference, the analysis said. More sign ...