Stuff You Should Know What's the gig economy?
Jun 11, 2019
Discover the rising gig economy and its historical roots, shaped by technology and economic shifts. Dive into the challenges faced by gig workers, including earnings disparities and lack of benefits. Explore the role of governments in supporting these individuals and the push for portable benefits. Laugh along with personal anecdotes about grocery shopping gigs and the dilemmas faced by ride-hailing drivers. Delve into the regulatory landscape, including new laws in California and New York that impact worker rights and compensation.
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Gig Economy's History
- The gig economy, characterized by independent contractors performing specific tasks for payment, is not a new phenomenon.
- It existed long before the Industrial Revolution, predominantly as the primary mode of livelihood for most individuals, excluding skilled artisans.
Modern Gig Economy and Tech
- The modern gig economy is closely associated with tech platforms connecting individuals directly to consumers.
- Traditional gig work, such as freelance film production or dog walking with flyers, differs from the app-driven model.
Gig Economy Growth
- The gig economy grew significantly, from 10% of the US workforce in 2005 to 16% in 2015, then 24% in 2016 within the digital platform economy.
- Many now use these platforms as full-time jobs, lacking typical full-time employee benefits.