Gig Economy: Is the Changing Traditional Jobs System?

What is Gig Economy?

A free and global market system dependent on the Internet and apps. This is actually a conditional work transaction in a digital market. Employment here is temporary. Companies hire independent workers through short-term contracts. In this case, just as the employees can take the job independently, the companies also hire the employees as per their skills and pay them according to the quality of the work. Everything works app-based, so workplaces in Gig Economy rely on online ratings, and secure payment systems work through the app.

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Why do people give emphasize on this system?

The convenience of working independently and the easily changing, flexible workplace. This system is short-term and demand-oriented. You can become self-sufficient by working at any time you want as you are not bound by 9-5 hours of work. The more advantage of managing the family and working from home. Freelancers can apply for jobs from anywhere in the world through this system. Business expansion is possible in any country through the system. People are now shifting to IT-based jobs. Businesses are able to save their capital by investing less in office space and training. As a result of globalization, people from different environments with different purposes are connected to this workplace. Some take it as a source of primary income, some work as a hobby. However, it has been found that most people work here for the sake of choice rather than for the sake of necessity.
The United States, the United Kingdom, France, Germany, Belgium, China, Canada, India etc are notable for Gig Economy. It requires an advanced technological environment and online app-based services.

During Corona pandemic many people lost their job. Some have increased job opportunities, while others are facing adversity. During the Corona period Gig economy is expanding in various form.