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DrScopeify
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Comments by "DrScopeify" (@drscopeify) on "Powell's speech did not address GDP rise from productivity growth, Wharton School's Jeremy Siegel" video.
100% thats how I see it too. I think the inflation has not gone anywhere its just taking a break, The FED did fantastic job is scaring people shitless but the moment they tone it down, oh boy.....
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Gig economy is worth around 400 billion a year which is increasing but overall still very small for example Tourism which is itself a small part of the US economy is 2 trillion a year so at least 4x or 5x larger than gig economy. One thing to note is that gig economy is ultra concentrated in a number of cities and so its not evenly distributed for example here in Seattle the gig economy I think is pretty small for the size of the area mostly because people just end up aspiring to work for the big players, Microsoft/Boeing/Amazon/Government and se gig economy is temporary or a stepping stone.
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