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 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...
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