The Rise of the “Gig Economy” and Its Impact on Business and Employment

The “gig economy” is a term that refers to a labour market which is characterised by short-term contracts or freelance work, rather than permanent jobs. In recent years, the gig economy has been on the rise, driven by the growth of technology platforms such as Uber, Airbnb, and JustEat. These platforms connect customers with freelancers who provide services such as transportation, accommodation, and food delivery. The gig economy has had a significant impact on business and employment. For businesses, the gig economy offers flexibility and cost savings. Companies can hire freelancers on a project-by-project basis, rather than committing to long-term…