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Gig opportunities

Over the years, the gig job opportunities have increased. Gig jobs include options like Doordash, UberEats, Lyft, Uber, Instacart, Shipt, etc. Well now, the gig economy is coming for elder care. You can become a "grandkid on demand."

The new platform known as Papa connects young people to elders in need, just closed an $18m funding round. Its goal is to turn total strangers into star grandkids: on Papa, workers (called “pals”) help elders with things like cleaning and groceries, but also offer companionship.

Thus, the Eldercare industry may become the future of the economy. Even before the pandemic, the US Bureau of Labor Statistics predicted that personal care would be the fastest growing job category through 2026. But now, with older people isolated from families and friends because of coronavirus health concerns, the need for caretakers has accelerated.

Papa, now available in 17 states, claims that 20,000 people per month apply for a gig, but only 8% get approved. The pay -- $15 per hour -- is admittedly a bit less than competing services. However, Mon Ami -- another elder-care gig platform -- offers $20 per hour. So, there are some other options to generate revenue. This is not for everyone, but if it is something you are interested in pursuing, it is an option.

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