Countries Promoting Gig Employment and its Implications on Workers -
Countries Promoting Gig Employment and its Implications on Workers
Posted 25 Nov 2019 12:09 PM

Souce: Watsupptoday


The gig economy is on the rise and many countries have now begun promoting it, seeing how this is going to become the future of work. This new form of economy, however, has its own set of implications that affect the workforce involved in it.

Unlike earlier days, companies are no longer lax when it comes to permanent employees. Jobs are demanding, and working hours are intense, leaving no room for a personal life. The gig economy received a significant boost post, ever since the Great Recession of 2008. when unemployment took a downfall. Individuals began to rely on their skills to get employed.

Developments across countries
Countries have slowly but steadily accepted and made gig working a norm in many sectors of the economy. While the US tops the list of gig working economies, the UK is not far behind showing a 59% growth followed by Brazil.

ASEAN Countries

Developing countries too are taking this economy by a storm by being a part of the top 10 countries contributing to the gig economy. According to a recent report by Payoneer, countries like Pakistan, the Philippines, India, and Bangladesh together contribute more than half the gig economy of the world.

" India is one of the few Asian countries that has shown significant growth in freelance jobs being offered globally. A significant reason for this is also the youth in the country, which constitutes to be one-fifth of its population and expected to be half the total population by 2020. "

Key Findings
The growth of the gig economy has shown consistency so far and no signs of slowing down. Intuit and Emergent Research predicted that the number of people working gig jobs would grow from 3.9 million Americans in 2016 to 9.2 million by 2021.

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