By Kristen Harris
Nearly a third of workers have a side gig, according to recent research conducted by Harris Poll on behalf of CareerBuilder(1). This statistic caught my eye because I know a lot of people who do extra work on the side in addition to their regular day job. It’s pretty common in the creative industry.
The research had other interesting findings, like more women than men have side hustles (35 percent vs. 28 percent), and those under 35 are more likely to have a side hustle than those over 35.
I don’t agree with the headline framing the motivation for this side work as purely economic. “Helping Bridge the Pay Gap, More Women Are Taking on Side Hustles Than Men”, they say.
That may be the case for some workers, especially at the lower end of the pay scale, but the study also found that 25 percent of workers making more than $75K and 19 percent of those making more than $100K currently have a gig outside of their full-time job. I don’t buy the premise that these people are doing side jobs purely for the money. Especially when other research has shown that about $75K is the “happiness plateau” where a higher household income doesn’t have much of an impact on emotional well-being(2). Interesting, huh?
Consider common roles cited as side gigs – babysitter, chef/baker, dog walker, blogger, DJ – along with less-common roles like face painter, soap maker, and rapper. Yes, some people may do these side jobs purely for the money, but these also sound the type of side work that people may choose to do because they like it. Side gigs can be a creative outlet, utilize a skill or fulfill an interest that isn’t used in the day job, or a hobby that starts earning money.
Creative people like what they do, and often do even more of it in their off hours. They may do freelance projects in the same field as their day job, or something totally different. Maybe a graphic designer also really likes photography does it as a side hustle, or an attorney is also a skilled writer who works on freelance articles and editing in her free time.
Creative people like variety and opportunities to flex their creative muscle or learn new skills, all of which they can gain with side gigs. Top that with the fact the 35-and-under generations also are quite entrepreneurial. They don’t believe that just one type of work, one occupation, or one field defines them. In general, they want the stability of a day job, but also find ways to weave other types of work into their life.
The statistics in this research are interesting, but I think they missed the boat with an overall conclusion that the only motivation for side gigs is to “close the pay gap.” That may be true for some, but people also have other motivations to take on side gigs or build their own side hustle.
What do you think? Are economic factors the reason so many people have side gigs? What motivated you to start a side hustle of your own?
Do We Need $75,000 a Year to Be Happy?; September 6, 2010