What is Gig Economy?

The gig economy refers to a labor market characterized by the prevalence of short-term, flexible jobs, often facilitated by digital platforms that connect workers with tasks or projects. In this model, individuals, known as gig workers or freelancers, engage in temporary or part-time work arrangements, offering their skills or services to various clients or employers. The gig economy has rapidly grown with the advent of technology, providing a platform for freelancers and businesses to connect efficiently. While the gig economy offers flexibility and opportunities for workers, it also raises concerns. Gig workers often lack traditional employee benefits like health insurance, retirement plans, and job security.

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of ET Edge Insights, its management, or its members

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