
Mobile technologies and advances in connectivity have given rise to a new series of startups. These emerging companies seek to quickly match employers and individuals with the labor, skills, and services they need at a moment’s notice. Dubbed the “on-demand” economy, this market has rapidly taken off, disrupting numerous industries and garnering $787 million in funding during Q1 of 2015 alone (chart above omits Uber, which has raised nearly $5 billion in funding since 2009). The labor force has taken this development in stride. In the last five years, the number of independent workers in the US has risen 12%.






