Gig Economy

Based on flexible, temporary, or casual work, related to clients or online platforms Economic reversal results are cheaper, services are more efficient, like Uber or Airbnb, for those who want to use it. Those not involved in the use of technology such as the Internet are spent by the economic benefits of playback. The cities that are in demand have the most advanced services and are rooted in economic activity. The economy of freelancers (or freelance economies) is different from traditional jobs in jobs that are not permanent, but more specifically, this term relates to more single tasks or individual shift tasks. However, this term can also be used to reference long-term arrangements and independent contract assignments.

Gig economic flow
1. Work 2 Directions: workers are looking for flexible short work plans and companies that want temporary contract workers.

2. The economy opens on a technology platform designed to connect workers who are looking for flexible jobs with companies that need them in a central location, such as an application or website. Some platforms are preferred in certain niches, such as hotel and warehouse workers, or other specific services, while others are broader, employees are linked to companies and clients for tasks ranging from housekeeping management to purchase.

3.the client pays an agreed rate for the services provided. Under independent contract agreements, workers are responsible for saving and paying their taxes and are not entitled to special benefits from full-time employment such as access to group health insurance or investment savings and savings. However, thanks to health insurance, independent pension funds (IRAs), and financial and accident insurance are more accessible than ever. Also, workers who operate as independent contractors can take advantage of the tax benefits of running their own business, including paying taxes on unnecessary operational costs such as travel, preparation and the like.

Factors of Gig economy

1. Modern digital, facilitates independent contract jobs working from home or remotely because many of those jobs don’t require freelancers to come to the office to work.

2. Employers also have more applicants to choose because they don’t need to hire someone based on their proximity. Also, computers have evolved so that they can replace jobs previously held by people.

3.Economics, a factor in the development of show economy. Some employers experience the inability to hire full-time employees to do all the work they need to do, so they employ part-time or temporary employees to take care of busy times or specific projects.

4.employees, People also tend to change careers many times throughout their lives, so that the show economy can be seen as a reflection of this happening on a large scale.

Benefits of Economy Gig

Additional income for full-time workers who take part-time job opportunities.

Professionals can give more control over their career trajectory by engaging in challenging projects and building impressive results resumes, enabling them to secure higher-level, better-time positions

companies that can reap cost savings by registering short-term assistance to accommodate requests without administrative costs to hire full-time staff.

Criticism of Gig Economy

make it difficult for full-time employees to develop fully in their careers because temporary employees are often cheaper to hire and more flexible in their availability

show economy can suffer losses due to the erosion of traditional economic relations between workers, businesses, and clients

For flexibility workers, they must always prepare themselves and must always look for the next job hunting

Worker flexibility also affects work-life balance patterns, sleep patterns, and daily life activities. Not everyone fits into a part-time job because of their lifestyle and future risks

the liquid nature of transactions and show economic relationships, long-term relationships between workers, employers, clients, and vendors can tend to be eroded. This can eliminate the benefits that flow from building long-term trust, customary practices, and familiarity with clients and entrepreneurs. This can also prevent investment in relationship-specific assets that would otherwise be profitable to pursue because neither party has an incentive to invest significantly in a relationship that only lasts until the next show arrives