The gig economy boom is over as workers go back to traditional jobs, Bank of America says

• People may not be as interested in gig opportunities as they were a year ago, per a Bank of America Institute report.
• Per economist Anna Zhou, the reversal is partly because of weaker consumer demand for some services.
• But this could also be due to attractive wage growth in traditional jobs per the report and Zhou.

Gig workers are seemingly saying goodbye to the delivery-app and side-hustle life and are interested in going back to making money through traditional jobs, according to a new report from the Bank of America Institute.