The Double-Edged Sword: Exploring the Socioeconomic Impact of the Gig Economy

Authors

  • Hassan Abbas Institute of Development Studies, University of Agriculture, Faisalabad

Keywords:

Gig economy, Platform work, Independent contractors, Flexible work, Digital platforms, Technological disruption, Labor market inequalities, Precarious work, Social protection, Economic security, Policy interventions

Abstract

The gig economy, marked by flexible, short-term work arrangements, has rapidly transformed labor markets worldwide. While heralded for its entrepreneurial spirit and increased flexibility, its socioeconomic impact remains a subject of intense debate. This article delves into the intricate landscape of the gig economy, scrutinizing its potential benefits and drawbacks for workers, businesses, and society as a whole. Through critical analysis of theoretical frameworks, empirical research, and real-world examples, we illuminate the complex interplay between technological advancements, changing work patterns, and social inequalities. By acknowledging both the promises and perils of the gig economy, we can pave the way for responsible regulations, social protections, and policies that ensure this emerging work model contributes to a more equitable and sustainable future of work.

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Published

2024-03-31

How to Cite

Hassan Abbas. (2024). The Double-Edged Sword: Exploring the Socioeconomic Impact of the Gig Economy. Social Science Review Archives, 1(03), 26–34. Retrieved from https://policyjournalofms.com/index.php/6/article/view/20