Is The Gig Economy A Win Solution For The Jobs? Essay

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Is the gig economy a win-win solution for both the outsourced workers and struggling companies to survive this economic crisis? Although it may look as though the jobs-based economy is the call of the time to alleviate the increasing unemployment rate, there are underlying implications socially and economically. A full-time job for most workers means a true sense of security with employer-provided benefits in contrast to irregular employees. Now in the gig economy, work is being disaggregated from jobs and reorganized into a variety of alternative arrangements, such as freelance assignments, consulting projects and contract opportunities among others which provide more flexibility but also with uncertainty (Mulchany, 2016). This essay intends to evaluate the implications of the flourishing “Gig Economy” by reviewing the economic aspects, the current situation, and key players. It will explore the gap of the gig economy that may be useful to promote equal benefits for all workers regardless whether a full-time or outsource worker. The path to the gig economy commenced with the advent of digital technologies through the internet in the 1990s; an explosion of the digital commerce led to the “dot-com” boom coupled with the onset of the Great Recession in 2009 (Meyer, 2016). The Great Recession marks a financial crisis that brought corporate mergers, investment bankruptcies and bank closures, which resulted in a decrease in available jobs for a large workforce. In line with

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