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Gig Economy: Trends and Perspectives. How to Define Advantages and Disadvantages of Gig Economy?

In: Sustainability in the Gig Economy

Author

Listed:
  • Olga Shvetsova

    (Korea University of Technology and Education)

Abstract

This paper presents recent trends and perspectives of gig economy. Author discusses advantages and disadvantages of gig economy, describes COVID19 circumstances, and presents case study of Switzerland. The article is devoted to the development of the gig economy (economy of free earnings), which is new for many countries on the labor market. The author explains the relevance of the topic by the large scale of employment development based on Uber-like services and on freelance terms, on the one hand, and the lack of ready-made technological solutions for personnel management in the new environment, on the other. The article provides a definition of the concept of “gig economy” and describes its benefits for both employees and employers. Further, the disadvantages of free wage employment for workers are systematized and the controversial aspects on which workers in the gig economy seek to protect their labor rights. Since the gig economy is only the beginning of changes in the structure and forms of employment, the author has systematized the prospects for changes in a changing economy: the displacement of workers by artificial intelligence, the development of fast and cheap education, the flourishing of entrepreneurship, and a change in the sphere of personal finance.

Suggested Citation

  • Olga Shvetsova, 2022. "Gig Economy: Trends and Perspectives. How to Define Advantages and Disadvantages of Gig Economy?," Springer Books, in: Ashish Gupta & Tavishi Tewary & Badri Narayanan Gopalakrishnan (ed.), Sustainability in the Gig Economy, pages 19-31, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-8406-7_2
    DOI: 10.1007/978-981-16-8406-7_2
    as

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