As of today, there are 2.02 million registered users on gig-economy megasite Upwork( $NASDAQ:UPWK). Those 2.02 millions users are competing for 76,670 posted jobs, a clear sign that despite the comforts that a gig economy brings, competition is fierce.

And that problem appears to be exacerbating; over time, the number of registered users on the site has grown at a steady clip, but the number of available jobs has remained strikingly constant.

While the number of Upwork registered users — or workers for the purposes of this study — grew from 1.72 million to 2.02 million since October, 2018, the number of available jobs only grew from 69,000 to 76,000.

The most common gig-seeker identifies as "Web Mobile Software Dev" followed by "Design Creative". The least common, but with the best per-job ratio is for those who provide legal services.

Category

Count

Metric

Category

Count

Worker to Job Ratio

Workers Per Job

All

2,022,015

Number of Jobs Listed

All

76,666

8/211

26.37

Category: C Web Mobile Software Dev

500,085

Number of Jobs Listed

Web Mobile Software Dev

20,351

7/172

24.57

Category: C Design Creative

489,664

Number of Jobs Listed

Design Creative

15,925

4/123

30.75

Category: C Writing

418,357

Number of Jobs Listed

Writing

8,467

17/840

49.41

Category: C Admin Support

372,312

Number of Jobs Listed

Admin Support

4,527

4/329

82.24

Category: C Translation

235,346

Number of Jobs Listed

Translation

2,289

5/514

102.82

Category: C Sales Marketing

198,634

Number of Jobs Listed

Sales Marketing

14,024

61/864

14.16

Category: C Customer Service

163,083

Number of Jobs Listed

Customer Service

1,221

7/935

133.57

Category: C Accounting Consulting

126,246

Number of Jobs Listed

Accounting Consulting

1,974

15/959

63.95

Category: C It Networking

117,705

Number of Jobs Listed

It Networking

2,293

3/154

51.33

Category: C Engineering Architecture

96,880

Number of Jobs Listed

Engineering Architecture

2,671

11/399

36.27

Category: C Data Science Analytics

80,828

Number of Jobs Listed

Data Science Analytics

2,031

5/199

39.80

Category: C Legal

12,108

Number of Jobs Listed

Legal

893

34/461

13.56

Not only is competition for a limited number of gigs growing, but the amount workers are pulling for their hours skews heavily toward the lower range of all per-job fees. Of all jobs posted on the site as of this week, 31% at the lowest rate level, or $0-10. 46% fall between just $10-30 per job.

Rate Per Hour ($)

# of Freelancers

% of Users

 0-10

632,205

31.266%

10-30

922,814

45.638%

30-60

301,716

14.922%

60+

165,280

8.174%

TOTAL

2,022,015

There's no question that the gig economy is working for some people who have built up a large following and rate structures that work for them. But the data shows, at least as of now, that competition is fierce and pay is low.