Question

What are the pros and cons of a Global Gig Economy?

Answer 1

Global Gig Economy :-

The Global Gig Means Nothing But Freelance Or Contract Work. Workers In A Gig Economy Earn Money By Completing Task Or Work Given By The Client.

Pros Of Global Gig Economy For Workers As Well As Business.

1) Flexibility :-

Many Freelance Workers Get Flexibility In Their Work. Freelance Workers Only Provides The End Date Of Task And They Will Only Decide How Much Hour To Work In A Day When To Work In A Day.

2) Greater Independence :-

Many Workers In Gig Economy Will Find That They Are Given Independence By Client To Finish Their Work.

3) Lower Cost :-

In Gig Economy Freelancer Have A Lower Cost Then The Other Workers. The Company Can Hire A Freelance For Part Time, Full Time Based Work.

4) Diverse Pool Of Flexible Workers :-

If The Company Utilize The Gig Economy Workers They Will Allow Them To Have a Diverse Pool Of Flexible Workers. And There Are Large Number Of Freelance There In Gig Economy From Which Company Select Most Suitable Candidate To Complete The Task/Work.

Cons Of Gig Economy For Workers As Well As Businesses :-

1) No Benefits :-

Unfortunately Most Of Freelancing Jobs, Benefits Aren't The Part Of The Package. Because Company Hire A Freelancer For A Specific Work Or Part Time Based Thats Why There Is No Benefits For The Worker In Gig Economy.

2) More Stress :-

In Freelance Work Or Gig Work There Are Variety Of Works Available To The Workers Thats Why They Have Find Their Next Work Immediately After Finishing Current Task / Work. They Will Also Get Flexible Pay For Different Works. The Workers Get Flexible Works That Will Cause Them To Feel More Stress.

3) Less Reliable Workers :-

In Gig Economy You'll Find Unknown Person So Firstly It Is Hard To Trust On Them And Their Work. Most Of Workers Looking For A Remote Job Because They Aren't Willing To Work Hard.Amd That Is Unfortunate For The Business.

4) Tight Regulation On Contractor Status :-

Businesses Are Interested To Hire A Freelancer Who Understand All Regulatuons For Contractor Status In Their State. Different State Have Different Equipment For Contract Like Some State Have Written Paper Or Some State Have "At Will" Statement, Etc.

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