The rise of the gig economy is changing traditional employment models from "summary" of The Fourth Industrial Revolution by Klaus Schwab
The rise of the gig economy, characterized by short-term, flexible jobs rather than permanent positions, is fundamentally altering the landscape of traditional employment models. As technology enables individuals to connect with employers through digital platforms, the nature of work is evolving rapidly. This shift towards gig work has significant implications for both workers and organizations. For workers, the gig economy offers a level of autonomy and flexibility that was previously unimaginable. Individuals can choose when, where, and how much they work, allowing for a better balance between professional and personal life. This freedom has attracted a growing number of people to gig work, seeking independence and variety in their careers. However, this increased flexibility comes at a cost. Gig workers often lack the stability and benefits associated with traditional employment, such as health insurance, retirement plans...
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