Prepared for Titash N. | Delivered August 27, 2020
Gig Economy Size
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To find the proportion of the generation Y students in Europe, India and the US aiming to work in the gig economy. Also to find the number of people considering vocational training or upskilling.
Number of University Students in Europe
In 2017, there were
19.8 million university
students in the EU-28 area, with 61% of them studying for bachelor degrees.
4.8 million students
graduated from University in 2017 in EU-28.
25% of them
graduated in business, administration, or law subjects.
The Freelance Job Market
US, Mexico, and India
, a large proportion of the economy is based on freelancers.
57 million freelancer
s in the US contributing 1.3 trillion dollars to the economy or 6.7% of GDP and representing around
30-40% of the total
workforce, 14 million in Mexico representing 22.7% of GDP, and 20 million in India expected to represent a market of 20 to 30 trillion rupees by 2025.
42% of these
freelancers are women by 21 and 30 years old and a third are men of the same age group.
Freelance gigs are growing faste
r in the economy than traditional full-time jobs, and are only projected to keep growing.
The number of US freelancers is expected to grow from 57 million 2017 to
90 million in 2028.
Students and Freelance
Universities in the US
are starting to prepare their students to be ready to work in the gig economy.
A survey by Monster found that
41% of college grads
plan to find a gig job until they land something full time and permanent.