Question

According to the information given to you，write a paragraph of the benefits of the gig economy in Australia（not less than 400words）

For example, new demand curves created by new opportunities for ‘entrepreneurs’ (i.e. ranging from the massive Uber corporation down to solo entrepreneurs). Note the attractive term ‘entrepreneur’ is sometimes even used to describe a young person on a bike delivering pizzas for about $10 per hour! He or she is considered a sole trader, not an employee. Advantages also include convenience for consumers, arguably convenience for the ‘gig’ workers in that they have flexibility of hours (e.g. they don’t need to be ‘stuck in an office from 9 -5 everyday). Also for Uber and Air B&B they have created a brand new demand ( this is sometimes referred to in business literature as a ‘blue ocean strategy’ [useful to look this up]) which is good for them.
(But it would also be useful to briefly discuss why Uber has not yet made a profit? Find out a tell me!)

Answer 1

To succeed in today's economy, the individuals can no longer remain a passive job seeker.if we have talent, skill, expertise and experience, we can market it over the internet. Wherever our takent is in demand, today it is possible to meet this demand sitting right at home. A numerous of market places are emerged that aggregates buyers and sellers of a talent. Through these platforms we can work with our talents and get recognition from others. In today's world, recognition is highly important to become success. The payment is made through online banking. The buyers and sellers don't cheat each other because their reputation is affected by that. In each transaction, the buyers and sellers can rate each other. Thus the nature of work and economic is exchanging. The freelance, on demand economy is called the gig economy. Performance and project way of working is the reason why this emerging way of economy is called the gig economy.

In Australia, the freelance platforms are highly seen in the sectors of web, development of mobile, software, design, sales and marketing fields. The datas showed that 32 % of working individuals among the 4.1 million peoples of australia are doing freelance job in the year from 2014 to 2015. The "" freelancer.com" which is a platform in australia is the largest freelance market place among the world. An average of 19 million freelancers works through this platform. People from over 247 nations were working through it.

Most of the australians came to this freelance field because of the 9 to 5 working hour. Due to the innovation of social media and internet, people migrated to freelance jobs. Thus people can work at their possible time with no stress. The can also engage in multiple tasks at a time. This can earn money than the usual employment. To succeed in gig economy, one should become good at what he do, this could be our exceptional talent, deep experience, specialized knowledge or sort of skills. To make the most of this emerging economy, one have to work hard to develop sucha talent.

Today online market places are also available for capital. If we have an empty building or country side bungalow, we can offer this to tourism AirBnb. If we are an entrepreneur, we can start thinking of our own online market place. If there is a niche produc or service whose demand is fragmented then we can aggregate the buyers or sellers of this demand.

The emerging gig economy is giving the people an opportunity to do the work that they find exciting and also make money. If we are talented, then this new economy is giving us a chance to live a flexible life. With more time for leisure, we can travel, develop our hobby or spend more time with our family. Besides flexibility and autonomy, gig economy also give us a chance for creative expressions.

Thus due to the advancement in the gig economy, the workforce in australia got highly transformed. Now the unemployment issues are highly reduced and the citizens is now able to earn a more income than the usual employment. Now the companies are also benefited in a large sense. They can get any number of skilled on demand labors. They can also check the efficiency of a labor by appointing them to a shorter period without appointing them as permanent.

Thanks!..