Tia, great article.
However the gig economy absolutely can provide stability. In fact, it could be more stability (and more money, and better balance) than you have from traditional employment (which has been getting less stable all the time).
I’ve been running my own freelance business for 17 years. I guess that makes me a member of the “gig economy” although I’m a few years too old to be a Millennial. When you get good enough at being an independent consultant, it feels more reliable than a 9–5 job would. I wouldn’t dream of going after employment now that I have a taste of running my own business instead.
The problem with Fiver (or other similar ones like Upwork) isn’t freelancing. The problem is entirely in their modal of encouraging low-cost race-to-the-bottom work. That’s one shitty form a freelancing of which I have never partaken. Certainly not the American Dream. But let’s not paint the entire picture with that brush. “Hustling” the gig economy, if done right, is a dream worth chasing. Just don’t get caught up in the rubbish at the bottom.