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The Pros And Cons Of The Gig Economy

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Furthermore, the gig economy and its effects or issues in society are illustrated by all legal cases witnessed in recent years, but the distinguished problem with the on-demand work is the absence of security granted to workers. This new model of economy is on the growth, even though is favourable for some people and companies, there are also many downsides implications for the economy, and for society as a whole, as reported by Martson, it is likely to be beneficial, however, it is need to established a balance between flexibility and the protection of gig workers. (Martson, 2017) In addition to the extension of the economy and social changes driven by the gig economy, new work models are expanding beyond contingent workers to include …show more content…

Nevertheless, the emerging economy has their advantages and disadvantages as well as almost everything throughout life itself. According to Sundararajan in a report for The Guardian, mention the Hillary Clinton’s speech about her economic plan for 2016, where she expressed that the new model of business is generating “exciting economies and unleashing innovation”. But it is though creating concerns about the security of the workplace and “what a good job will look like in the future” (Sundararajan, …show more content…

Also the form of society is changing considerably due to the new economic model, to mention one aspect, for example, as Jaconi reported for Business Insider, the behaviour of consumers is evolving, “instant access to messaging, media, and other online functionality through smartphones has generated a sense of entitlement to fast, simple, and efficient experiences”. (Jaconi,

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