Question

What are the major countries that employ Gig workers i.e. US, India, UK, Japan, Hong Kong, etc and what advantages and disadvantages do they have?

Answer 1

US is the most lucrative country for gig economy , according to Payoneer Global gig economy of 2019 . Second is UK followed by Brazil , pakistan , India and the Ukraine etc.

Advantages :

1. Gig workers have high levels of flexibility , automy and task variety and complexity.

2. Gig workers can be found on all levels of an organization , including top executives such as CEOs , CFOs and VPs.

3. Business save resources in terms of benefits, office space and training.

4. It the promotes the employment level and freedom for worker to choose when and where to work.

Disadvantages :

1. The gig economy is creating lakhs of jobs, but workers don't see a future.

2. Gig workers having lack of job security and have to wear the entrepreneur's heat .

3. Those who don't engage in using technological services such as the internet tend to be left behind by the benefits of the gig economy.

4. Difficulty for producers to make profits.