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.