The Dynamics of the Labour Market in Gig Economy

The gig economy has become a new trend of working in which millions of people are paid in small amounts and are not tied to a specific employer for long periods. It has also changed the organization of labor and the labor market in a big way.

Key features of the gig economy include:

For workers, greater flexibility and independence has been adopted. They carry out their work in conditions that are characterised as precarious and insecure.
Other negative means are that of no benefits and job insecurity.

Meteor:
New phenomenon of platform capitalism and digital intermediation.

The gig economy has also led to The gig economy has also led to:

The growth of flexible employment relations and working arrangements Forested the labor situation. Changing requirements of skills and training.

New politics of employee representation and mobilisation.

Some of the leading issues in regulation and policy setContent(Regulatory issues and policy controversies)

To navigate this new landscape, policymakers and stakeholders must address:

The employment protection and income insurance.

Learning for skills that are on their embryonic stages.

Some of the recommendations include reasonable wages and allowances for gig workers.

Newer types of regulation to guarantee fairness and completive advantages.

Analyzing the characteristics of the gig economy we can lay foundation for a fair and reasonable conditions for employees of this rapidly growing labour market.