Overview
Context
As the gig economy is expanding, there are rising concern regarding the status of gig workers under labour laws, lack of social security, ambiguity of rights, and vulnerability to fluctuation in demand.
Background
Analysis
What is Gig Economy?
Scope and prevalence of the gig economy:
Social Security Code, 2020
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Features of the gig economy
Advantages of the gig economy
Disadvantages of the gig economy
Gig Economy and Women
How to improve the condition of Gig Workers?
Conclusion
The success of the gig economy will be dependent on how policymakers, futurists, industry, and governments come together to develop an enabling framework and labour laws that allow it to thrive and sustain. Also, companies will have to re-evaluate their current practices to accommodate gig workers.
Practice Question Q1. Gig economy is becoming the new normal. Discuss the key drivers of the gig economy. Q2. What are the advantages and challenges of the gig economy over traditional economy? Also, suggest measures needed to ensure welfare of gig workers. |
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