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1. The Gig Economy
Presented By: Rahul

2. What is Gig Economy?
◦A gig economy is a labor market that relies heavily on
temporary and part-time positions filled by independent
contractors and freelancers rather than full-time permanent
employees.

3. Benefits for
Business
Reduced fixed cost
Reduced investment – e.g. uber
drivers own their own vehicle
Flexibility in managing hours
to expected demand for their
products

4. Benefits for Workers
Flexibility hours/ control
hours went to work
Ability to work from home
A common way for people
to earn extra income
Less risk of getting stuck
in routine jobs

5. Downsides to the Gig
Economy for workers
Doubts over the true flexibility of
hours offered
Lack of paid vacation /sick leave
/employment rights
Workers bear most of the risk in the
job

6. Wider Downsides of the Gig Economy
 Shrinking of the tax base will hit revenues
 Reduction in road safety / more accidents
 Does the gig economy promote innovation
 Are platform businesses creating high quality jobs ?

7. Gig economy examples
Gig economy examples
Hospitality and travel
Transportation
Digital freelance services
Caregiving

8. CONCLUSION
◦The gig economy offers workers the independence to
choose their own work hours, projects, and even
location. These workers also get the opportunity to
upskill themselves and enhance their income by picking
up multiple and varied projects