Pros
Gig workers choose their jobs, and they have the freedom to work on assignments that interest them. They also have the flexibility to plan their schedule based on their needs.
Cons
Gig workers classified as independent contractors are responsible for their own taxes. They must pay the government payroll taxes because an employer does not do this for them on a W-2. Gig workers must make quarterly payments to the IRS and put away enough income to cover these payments. Clients can terminate gig workers without warning. Gig workers also must fund and manage traditional employer-based benefits like a retirement plan and health insurance.