That’s interesting! There could be several reasons for this shift, including:
1. Diversified Income Sources: People are finding more diverse ways to earn a living, including investments, small businesses, and monetizing hobbies, reducing their reliance on side gigs for supplementary income.
2. Higher Paying Day Jobs: Many people might have received promotions or found higher-paying primary jobs, lessening the need for additional income through side gigs.
3. Better Money Management: Better money management and budgeting can also reduce the need for extra income.
4. Higher Side Gigs Pay: If people are earning more from side gigs, it might mean that these gigs are now paying better due to increased demand or scarcity of certain skills.
5. Pandemic Influence: The pandemic has also influenced work habits, with more people turning to remote work and freelancing, which can be seen as side gigs too.
But it’s key to remember that these factors can vary widely based on individual circumstances, professions, skills, and economic conditions.
