Tuesday, February 4, 2020

How does the gig economy work

What if you no longer had to bear a boss that fails to be a leader? If you didn’t need to be part of a corporate culture (with a formal dress code, for instance) that doesn’t suit you? If you could manage your own work schedule freely and work only with ethical clients or companies with a CSR strategy? As an independent worker, you might have the chance to make your own rules. Yet, all that glitters is not gold and being an independent worker in the gig economy has its downsides too.

The Sharing Economy And The Gig Economy
You might have heard about the sharing economy and the gig economy. You might even perhaps think of them as one and the same. However, and although they overlap and their differences aren’t crystal clear, the gig economy is part of the sharing economy. As EY puts it, the sharing economy, thanks to the power of digital platforms, encompasses the increased utilization of durable assets, as well as the recirculation of goods and the exchange of productive assets and services. Of all this, the gig economy stands for initiatives based on contingent work that is transacted on a digital marketplace, as the Journal of the European Union puts it.

In other words, the gig economy is the specific trade of short-term services, where there’s a high degree of autonomy, payment is done by task and there’s a short-term relationship between worker and client. Because your Ubereats delivery is indeed giving someone the chance of making some money, and your freelancer friend might really be collaborating remotely with this multinational company on a 2-month project.

How does the gig economy work

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