News By/Courtesy: G Kusuma | 18 Feb 2021 5:53am IST

HIGHLIGHTS

  • About 6.9 percent of people were gig workers in the US as of 2017
  • Gig generally refers to jobs or tasks that are occupied by personnel for a shorter period of time
  • Gig Economy is where people tend to function on an individual basis with more independence at work

Commonly, work that everyone looks for can be defined as something that is permanent or at least stagnant to an extent, in contrast to this in a Gig Economy is where people tend to function on an individual basis with more independence at work. Gig economy works may involve contract or project-based or freelance assignments. Such an economy paves way for more diversity and choice of work; most individuals see the future of the economy in such kind of work. Gig generally refers to jobs or tasks that are occupied by personnel for a shorter period of time. There are many reasons for the development of this new age workforce, the trend towards such work is mostly due to the digitization- these jobs are flexible and efficient, today the workforce is quite mobile compared to the employees in the past which also triggers people to leave out their traditional jobs and pick up assignments that actually interests them. The freedom of work increases in such an economy and most of the times individuals also tend to earn more as they can observe a sought of self-responsibility, this work shall also mean more in terms of contribution and effort to people. As one can only earn when they produce something to that effect it makes individuals strive hard and work, while sometimes this can be missing incorporates or firms, another factor is decision making there is no reason to be bound by any decisions but people can stand on their self made decisions, one could work according to interests and use the utmost of their creativity. We can quite see the easiness of such jobs due to which people get attracted to them, but as there is no fixed pay one should also take up the risk of not getting on assignments that they really like to do. Freelance work is a very good example of gig workers, one can cling on to the projects that pay more and work for their benefit, on these websites, and there are those who search for work and others who provide certain work. Anyone can easily sign up and set out for the job that defines them; in such an economy, creativity holds no bounds. About 6.9 per cent of people were gig workers in the US as of 2017, even consumers are part of such an economy and they contribute well through their tastes and preferences. After the pandemic, the prospects of growth in the sector have also become prominent. Though the jobs are largely unstable but a benefit lies in having a better work-life balance and also it can help one to dive inside their wills and wishes of what kind of work shall actually increase their engagement. With a rise in unpredictability and growth of the economy, Gigs have proved to be a good enough alternative for those who love self-defined work. 

 

This Article Does Not Intend To Hurt The Sentiments Of Any Individual Community, Sect, Or Religion Etcetera. This Article Is Based Purely On The Authors Personal Views And Opinions In The Exercise Of The Fundamental Right Guaranteed Under Article 19(1)(A) And Other Related Laws Being Force In India, For The Time Being. Further, despite all efforts that have been made to ensure the accuracy and correctness of the information published, 5thVoice.News shall not be responsible for any errors caused due to human error or otherwise.

Section Editor: 5thVoice.News | 18 Feb 2021 16:04pm IST


Tags : #gig economy

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