How Gig Economy Works Explained
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How the Gig Economy Give Rise to On-Demand Workers

The sharing economy. The access economy. The gig economy. Whatever you name it, this growing economic model has created heated controversy as supporters claim it is providing more wage-earning opportunities to a lot of people and critics argue it is replacing the traditionally secure jobs and creating a low-paying, temporary employment. For small businesses, corporations or startups sourcing from a pool of temporary workers gets rid of their hiring costs. These independent contractors or freelancers enjoy greater freedom to manage work but their wages are low and their work is unpredictable. Here’s how the gig economy give rise to on-demand workers and how companies harness this trend. See also 39 Facts About Uber and A Look at Airbnb’s Global Growth.

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Associated Topics  
freelance, microentrepreneurship

How the Gig Economy Give Rise to On-Demand Workers Infographic

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  • xiyod

    This gig economy is killing the employer plan, like the 401k.

  • Susan Mindsor

    Companies like Airbnb, Uber, Upwork and others claim they are different from old-style of employment simply because they function online. But in reality, this gig economy takes us back to the old days of piecemeal work economy where workers are only payed for every unit they finish.

Last Updated:

06/10/2016