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