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#Post#: 25593--------------------------------------------------
GIG ECONOMY IS GROWING
By: patrick jane Date: February 21, 2021, 8:44 am
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HTML https://assets.theedgemarkets.com/Gig-Economy_20171122115234_theedgemarkets.jpg
I was reading about this today, very interesting. So what is a
"Gig" Economy?
What Is the Gig Economy?
In a gig economy, temporary, flexible jobs are commonplace and
companies tend to hire independent contractors and freelancers
instead of full-time employees. A gig economy undermines the
traditional economy of full-time workers who rarely change
positions and instead focus on a lifetime career.
HTML https://www.investopedia.com/terms/g/gig-economy.asp
Understanding the Gig Economy
In a gig economy, large numbers of people work in part-time or
temporary positions or as independent contractors. The result of
a gig economy is cheaper, more efficient services, such as Uber
or Airbnb, for those willing to use them. People who don't use
technological services such as the Internet may be left behind
by the benefits of the gig economy. Cities tend to have the most
highly developed services and are the most entrenched in the gig
economy.
A wide variety of positions fall into the category of a gig. The
work can range from driving for Lyft or delivering food to
writing code or freelance articles. Adjunct and part-time
professors, for example, are contracted employees as opposed to
tenure-track or tenured professors. Colleges and universities
can cut costs and match professors to their academic needs by
hiring more adjunct and part-time professors.
The Factors Behind a Gig Economy
America is well on its way to establishing a gig economy, and
estimates show as much as a third of the working population is
already in some gig capacity. Experts expect this working number
to rise, as these types of positions facilitate independent
contracting work, with many of them not requiring a freelancer
to come into an office. Gig workers are much more likely to be
part-time workers and to work from home.
Economic reasons also factor into the development of a gig
economy. Employers who cannot afford to hire full-time employees
to do all the work that needs to be done will often hire
part-time or temporary employees to take care of busier times or
specific projects.
On the employee's side of the equation, people often find they
need to move or take multiple positions to afford the lifestyle
they want. It's also common to change careers many times
throughout a lifetime, so the gig economy can be viewed as a
reflection of this occurring on a large scale.
During the coronavirus pandemic of 2020, the gig economy has
experienced significant increases as gig workers have delivered
necessities to home-bound consumers, and those whose jobs have
been eliminated have turned to part-time and contract work for
income. Employers will need to plan for changes to the world of
work, including the gig economy, when the pandemic has ended.
Criticisms of the Gig Economy
Despite its benefits, there are some downsides to the gig
economy. While not all employers are inclined to hire contracted
employees, the gig economy trend can make it harder for
full-time employees to develop in their careers since temporary
employees are often cheaper to hire and more flexible in their
availability. Workers who prefer a traditional career path and
the stability and security that come with it are being crowded
out in some industries.
For some workers, the flexibility of working gigs can actually
disrupt the work-life balance, sleep patterns, and activities of
daily life. Flexibility in a gig economy often means that
workers have to make themselves available any time gigs come up,
regardless of their other needs, and must always be on the hunt
for the next gig. Competition for gigs has increased during the
pandemic, too. And unemployment insurance usually doesn't cover
gig workers who can't find employment (the CARES Act made an
exception during the pandemic).
In effect, workers in a gig economy are more like entrepreneurs
than traditional workers. While this may mean greater freedom of
choice for the individual worker, it also means that the
security of a steady job with regular pay, benefits—including a
retirement account—and a daily routine that has characterized
work for generations are rapidly becoming a thing of the past.
Lastly, because of the fluid nature of gig economy transactions
and relationships, long-term relationships between workers,
employers, clients, and vendors can erode. This can eliminate
the benefits that flow from building long-term trust, customary
practice, and familiarity with clients and employers. It could
also discourage investment in relationship-specific assets that
would otherwise be profitable to pursue since no party has an
incentive to invest significantly in a relationship that only
lasts until the next gig comes along.
Employers also have a wider range of applicants to choose from
because they don't have to hire someone based on their
proximity. Additionally, computers have developed to the point
that they can either take the place of the jobs people
previously had or allow people to work just as efficiently from
home as they could in person.
Economic reasons also factor into the development of a gig
economy. Employers who cannot afford to hire full-time employees
to do all the work that needs to be done will often hire
part-time or temporary employees to take care of busier times or
specific projects.
On the employee's side of the equation, people often find they
need to move or take multiple positions to afford the lifestyle
they want. It's also common to change careers many times
throughout a lifetime, so the gig economy can be viewed as a
reflection of this occurring on a large scale.
During the coronavirus pandemic of 2020, the gig economy has
experienced significant increases as gig workers have delivered
necessities to home-bound consumers, and those whose jobs have
been eliminated have turned to part-time and contract work for
income. Employers will need to plan for changes to the world of
work, including the gig economy, when the pandemic has ended.
Criticisms of the Gig Economy
Despite its benefits, there are some downsides to the gig
economy. While not all employers are inclined to hire contracted
employees, the gig economy trend can make it harder for
full-time employees to develop in their careers since temporary
employees are often cheaper to hire and more flexible in their
availability. Workers who prefer a traditional career path and
the stability and security that come with it are being crowded
out in some industries.
For some workers, the flexibility of working gigs can actually
disrupt the work-life balance, sleep patterns, and activities of
daily life. Flexibility in a gig economy often means that
workers have to make themselves available any time gigs come up,
regardless of their other needs, and must always be on the hunt
for the next gig. Competition for gigs has increased during the
pandemic, too. And unemployment insurance usually doesn't cover
gig workers who can't find employment (the CARES Act made an
exception during the pandemic).
In effect, workers in a gig economy are more like entrepreneurs
than traditional workers. While this may mean greater freedom of
choice for the individual worker, it also means that the
security of a steady job with regular pay, benefits—including a
retirement account—and a daily routine that has characterized
work for generations are rapidly becoming a thing of the past.
Lastly, because of the fluid nature of gig economy transactions
and relationships, long-term relationships between workers,
employers, clients, and vendors can erode. This can eliminate
the benefits that flow from building long-term trust, customary
practice, and familiarity with clients and employers. It could
also discourage investment in relationship-specific assets that
would otherwise be profitable to pursue since no party has an
incentive to invest significantly in a relationship that only
lasts until the next gig comes along.
The Gig Economy Is Coming for Millions of American Jobs
HTML https://www.bloomberg.com/news/features/2021-02-17/gig-economy-coming-for-millions-of-u-s-jobs-after-california-s-uber-lyft-vote?utm_source=pocket-newtab
HTML https://www.visualcapitalist.com/wp-content/uploads/2019/05/apps-gig-economy-1000x575.jpg
#Post#: 25638--------------------------------------------------
Re: GIG ECONOMY IS GROWING
By: guest125 Date: February 21, 2021, 9:46 am
---------------------------------------------------------
We are all prisoners of commerce. Stuck in this false system
where consumers are consumed by the economy created by worldly
overlords who lend at interest and make every man, woman and
child a debtor, a prostitute and a slave.
Everyone seeks advantage over all others and personal gain ahead
of another's well being. Those lucky enough to have a job find
now that a job is not enough because the ones in charge now
demand that you make your own bricks while at the same time they
increase your quota.
So everyone needs a side hustle.
I call it the jig economy.
HTML https://youtu.be/opsUdHH7Mz8
#Post#: 25996--------------------------------------------------
Re: GIG ECONOMY IS GROWING
By: patrick jane Date: March 1, 2021, 9:04 pm
---------------------------------------------------------
[quote author=Mr E link=topic=1223.msg25638#msg25638
date=1613922386]
We are all prisoners of commerce. Stuck in this false system
where consumers are consumed by the economy created by worldly
overlords who lend at interest and make every man, woman and
child a debtor, a prostitute and a slave.
Everyone seeks advantage over all others and personal gain ahead
of another's well being. Those lucky enough to have a job find
now that a job is not enough because the ones in charge now
demand that you make your own bricks while at the same time they
increase your quota.
So everyone needs a side hustle.
I call it the jig economy.
HTML https://youtu.be/opsUdHH7Mz8
[/quote] :D
#Post#: 31063--------------------------------------------------
Re: GIG ECONOMY IS GROWING
By: patrick jane Date: June 6, 2021, 9:01 pm
---------------------------------------------------------
5 WORK FROM HOME Remote Jobs (YOU CAN DO RIGHT NOW!) with No
Experience in 2021 for people 55+
12 minutes
HTML https://www.youtube.com/watch?v=xZdNHb9UGM4
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