Inflation, tight jobs market send gig economy rates soaring

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 90%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Airtasker shares leapt more than 17 per cent in morning trade on Thursday, as the company stands to benefit from high inflation.

Gig economy jobs marketplace Airtasker is set to prosper from higher inflation, with CEO Tim Fung saying its low “input” costs and its alignment with “taskers’” earnings will fuel a new wave of growth.

The Airtasker wage price index, which tracks the prices paid for completed tasks on the marketplace, experienced a sharp increase in the second quarter of the 2022 financial year, and remained elevated in the June quarter.Mr Fung said jobs with noticeable increases in prices in the last few months included deliveries, which had leapt by 10 per cent on average, as well as the price of gas fittings in homes.

“The demand for taskers is increasing, as is the base of taskers. [But], what we’ve seen is there’s been an increase in the supply pressure,” he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines