What is the gig economy and whats the deal for gig workers? While gig-economy workers often eschew the rights offered to employees on the payroll, in February 2021 a UK court found that drivers for a car ride-hailing app were entitled to benefits including paid holidays, a minimum wage and a pension Court rulings in other countries could potentially set a precedent for the gig economy as a whole
The future of the gig economy, and other jobs news this month | World . . . Top stories: The future of gig work; The ILO’s 113th International Labour Conference; AI's impact on entry-level jobs; Retirement ages set to shift in Europe and beyond From ride-hailing and delivery apps to freelance marketplaces, digital labour platforms have transformed how millions of people earn a living
Should you go freelance? What to know about the gig economy | World . . . But gig economy workers lack the financial safety nets enjoyed by full-time employees The good news, the company’s Europe President Mark Barnett says, is that “a growing number of the companies that depend on flexible workforces realize that providing a safety net gives them a competitive advantage - particularly as demand for flex workers
How to build a fairer gig economy in 4 steps - The World Economic Forum First, that it’s big In 2019, roughly one-in-10 workers in the UK earns a living in the gig economy In the US, the equivalent figure is an estimated 8% Earlier this year, there was a pan-African survey that showed that 1 3% of adult Africans now earn money from gig economy platforms (the online companies that provide the work)
Financial protection for gig workers benefits everyone | World Economic . . . Projected gross volume of the gig economy ($ billions) Image: Mastercard and Kaiser Associates study In Europe, we found through additional research that around 1 in 10 of the total workforce earns income through non-traditional means — with the majority being freelance workers and around 15% being platform-based gig workers
The gig economy is changing the way we work. Now regulation must catch . . . A polarized debate has emerged around this last trend in particular, the so-called “gig economy” For example, there are extreme views on whether these are wholly new earning opportunities or whether these platforms are creating a new, insecure, “precariat” The truth lies, as is often the case, somewhere in the middle
Why we need a gig economy that works for everyone - The World Economic . . . The gig economy has become an essential income source for a growing number of workers on both sides of the Atlantic Currently, gig workers have to make a trade-off between the flexibility and tax benefits that gig work brings, and the social protections and support mechanisms that traditional employees benefit from
How can we protect workers in the gig economy? The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests
What exactly is the sharing economy? | World Economic Forum For example, TaskRabbit is arguably part of the on-demand, gig, collaborative and sharing (assuming the Tasker’s skills were previously underutilised) economies Airbnb’s homesharing inventory is clearly part of the sharing economy, while full-time short-term corporate rentals are not necessarily so, and more likely are in the access economy
Talent trade-offs: employability has overtaken flexible working in . . . The gig economy is booming, but is it fair work? And other trends in jobs and skills this month; From data to action: This tool will help you navigate the future of jobs; Future of jobs: 5 ways to match skills to more meaningful work