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The Pros And Cons Of The Gig Economy

1106 Words5 Pages

Furthermore, the gig economy and its effects or issues in society are illustrated by all legal cases witnessed in recent years, but the distinguished problem with the on-demand work is the absence of security granted to workers. This new model of economy is on the growth, even though is favourable for some people and companies, there are also many downsides implications for the economy, and for society as a whole, as reported by Martson, it is likely to be beneficial, however, it is need to established a balance between flexibility and the protection of gig workers. (Martson, 2017) In addition to the extension of the economy and social changes driven by the gig economy, new work models are expanding beyond contingent workers to include …show more content…

Nevertheless, the emerging economy has their advantages and disadvantages as well as almost everything throughout life itself. According to Sundararajan in a report for The Guardian, mention the Hillary Clinton’s speech about her economic plan for 2016, where she expressed that the new model of business is generating “exciting economies and unleashing innovation”. But it is though creating concerns about the security of the workplace and “what a good job will look like in the future” (Sundararajan, …show more content…

Also the form of society is changing considerably due to the new economic model, to mention one aspect, for example, as Jaconi reported for Business Insider, the behaviour of consumers is evolving, “instant access to messaging, media, and other online functionality through smartphones has generated a sense of entitlement to fast, simple, and efficient experiences”. (Jaconi,

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In Barbara Ehrenreich’s article, “Your Local News”, her ideas about outsourcing help the reader understand Fareed Zakaria’s thesis that we are living through a power shift called “The Rise of The Rest” by explaining that America is not declining but is helping everyone else rise above. These authors come together to further understanding of the shift of power that has occurred due to outsourcing, putting America in the backseat of progression, but not out of the race. Ehrenreich introduces his ideas by explaining that “in the eighties, US companies began outsourcing the manufacturing of everything from garments to steel…”, but by the nineties, “back office and call center jobs migrated to India” (609). This helps the readers understand Zakaria when he he tells his readers that “for the first time ever, we are witnessing genuinely global growth.”

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