Article: The tipping point: Gig economy

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The tipping point: Gig economy

Reports indicate by 2020, 50 percent of the working population will be a part of the gig economy. Although this accelerating pace of independent work could have tangible economic benefits, it comes with its own set of challenges!
The tipping point: Gig economy
The gig economy is empowerment. This new business paradigm empowers individuals to better shape their own destiny and leverage their existing assets to their benefit. - John McAfee This is the classic hustle between traditional and the alternative. It is a new paradigm; a by-product of a new generation (millennials) and a disruptive new world order – uncertain yet rewarding, flexible yet unstable, futuristic yet insecure.  This is the Gig Economy.  Reports indicate by 2020, 50 percent of the working population will be a part of the gig economy. Since the industrial revolution, this will be the biggest disruption in the workforce. A recent study by the McKinsey Global Institute “Independent work: Choice, necessity, and the gig economy”, reveals that “up to 162 million people in Europe and the United States—or 20 to 30 percent of the working-age population—engage in some form of independent work.” Technology has disrupted the workforc...

Topics: Gig Economy, Life @ Work

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