The Gig Economy: Opportunity or Exploitation?

Author(s)	Aishwarya girish
Country	India
Abstract	The gig economy features as one of the most concerning features in the world economy as it raises suspicion towards worker's wellbeing, incomes, and social safeguards in the ever-growing harsh economic conditions of 2024 to be. The growth of Sylvan, Uber, Fiverr, Upwork, Deliveroo, Task, and Rabbit platforms starting in 2024, has managed to pull in millions of users, workers, freelancers, and students from all over the world, which came with socio-economic innovation and growth. But, with it, the economy had to endure the harsh reality of income volatility, algorithmic control, and lack of benefits for the workers. This paper scrutinizes the international gig economy and its risks, benefits, and the policies that need to be formulated to ensure fairness whilst creating opportunity.
Keywords	Gig Economy,Freelancing,Worker Rights ,Algorithmic Management,Income Volatility,Employment Flexibility,Labor Exploitation,Social Protection,Job Insecurity,Platform Economy
Field	Sociology > Economics
Published In	Volume 7, Issue 1, January-February 2025
Published On	2025-02-25
DOI	https://doi.org/10.36948/ijfmr.2025.v07i01.37662
Short DOI	https://doi.org/g86w85

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