The Rise of the Gig Economy: Implications for Traditional Employment Models
The rise of the gig economy is reshaping traditional employment models by emphasizing short-term, flexible job arrangements facilitated by digital platforms. While gig work offers increased flexibility and entrepreneurial opportunities, it also presents challenges related to income instability, lack of benefits, and job security. As technological advancements and regulatory developments continue to influence the gig economy, businesses and policymakers must adapt to these changes and address the evolving needs of gig workers. The future of work will likely feature a blend of traditional and gig-based models, fostering a dynamic labor market.
