Question

What trends will shape the Global Gig Economy from 2020 on?

Answer 1

Firstly we will understand the meaning of Global Gig Economy : Gig economy is a free and global market where companies and contractors (independent workers) set short-term and on-demand professional relationships that are both flexible and skill-based.

Major Trends that will Shape The Gig Economy In The 2020s are given as :

1)Workers’ unions will grow :

To secure benefits like healthcare and retirement, gig workers will turn to a model that traditional employees used to negotiate the 40-hour workweek and weekends off: unions. Although gig workers have no right to unionize because they aren’t employees, according to a 2019 decision by the National Labor Relations Board, some political voices are calling for change.

2)Business services will cater to gig workers:

Every year, accountants send seasonal mailers advertising their tax-prep services to local businesses. Marketing agencies, consultants, and software services also cater heavily to traditional business customers.As more workers go into business for themselves, they’ll need those same services.

3) Stigmas will slip away:

Unfortunately and unfairly, gig workers are still subject to a lot of biases and misunderstandings.Some critics of the gig economy, for example, assume that nobody actually wants to do gig work. But studies suggest that gig workers are every bit as satisfied, if not slightly more, with their line of work than traditional employees.

4)Regulations will catch up:

​​​​​​Because the gig economy is still emerging, labor regulations remain focused around the traditional employment model. But when half or more of U.S. workers are engaged in gigs, expect laws to be rewritten around the gig economy.