Gig Economy
What is Gig Economy?
Labour market
Short-term contracts @ freelance work
Commonly through digital platform
Uber, Amazon, Hermes, etc
Platform Economy
The use of IT to facilitate opportunities for gig
Sharing Economy
Generating money by sharing @ renting out assets
What are the benefits?
Business
Workers
Flexibility to manage hours
Reduced fixed cost
to fulfill the demand for products
Reduced investments
Uber drivers-their own car
Lower payroll expenses
Earn more income
Work from home
Flexible hours
The Downsides?
Reduction in road safety
Workers
Lack of employment rights
Inadequate investment in worker training
Doubts