Growth and Characteristics of the Gig Economy

The gig economy is rapidly expanding, fueled by technological advancements and a rising demand for flexible work arrangements. This model allows individuals to manage their schedules and engage in short-term jobs, which can be particularly advantageous for those balancing other commitments like childcare or education. In China, the number of gig workers has surged to over 200 million and is projected to double in the coming years, surpassing figures seen in Europe. The appeal of gig jobs is especially strong among young people due to the flexibility and autonomy they provide, allowing them to integrate work with personal life and passions.