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
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 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)
The Future of Work - How Work Will Look Like by 2030 While it is impossible to know what tomorrow holds, research by global professional services company PwC explores four possible futures – or “worlds” – driven by the “mega trends” of technological breakthroughs, rapid urbanization, ageing populations, shifting global economic power, resource scarcity and climate change
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
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
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
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