Numerous reports now indicate that by 2020, 40 to 50 percent of the working population will be a part of the gig economy. The gig economy is excitingly disruptive. It is not only growing in magnitude; it is also growing in complexity. We are only at the end of the start and nowhere near the start of the end.
Much of this change is being attributed to technology, which certainly has been a very significant enabler. Contemporary technology allows individuals to connect across time, space, language and culture. It has enabled specialized services like Uber and Airbnb. It has also enabled individuals to start their own businesses, merely using others’ platforms like Fiverr, Upwork, Etsy, and eBay. Other collaboration tools have also enabled organizations to create internal gig-economies — posting projects or tasks and enabling individuals to ‘bid’ on them as opportunities for development experience and alleviating the need for over-worked departments to incr...
This is a premium content.
Get unlimited access to People Matters and Mobile App!