Pros and cons of Gig Economy
Pros and cons of Gig Economy In today's competitive world it is hard to find a job that pays sufficient to meet all your needs. Thus, millions of people today earn their income through different streams and work independently. According to a survey US workforce is made of 34% freelancers or gig workers. Companies nowadays are increasingly seeking gig workers because of covid -19 induced remote working. According to an ASSOCHAM report, the Indian gig economy is expected to grow to $455 Billion at a CAGR of 17% by 2024. This growth rate has the potential for 2x pre-pandemic estimates. India is now the fifth largest country to offer flexible working. The most growth opportunities are in Haryana, Mumbai, Bangalore, Andhra Pradesh. Gig jobs present a tremendous opportunity for job seekers to adapt and capitalise with the changing work environment. India is currently home to 15 Million gig workers in various sectors including retail, fintech, edtech, and many more. This workforc...