The Spread of Gig Economy: Trends and Effects
The development of online communication platforms has given rise to the phenomenon of the gig economy. A new economic model that embraces a variety of forms of short-term employment is rapidly spreading around the world, becoming an everyday reality and transforming the labor market. The article an...
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| Format: | Article |
| Language: | English |
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National Research University Higher School of Economics
2021-03-01
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| Series: | Foresight and STI Governance |
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| Online Access: | https://foresight-journal.hse.ru/article/view/19308 |
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| _version_ | 1850152047759851520 |
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| author | Nilanjan Banik Milind Padalkar |
| author_facet | Nilanjan Banik Milind Padalkar |
| author_sort | Nilanjan Banik |
| collection | DOAJ |
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The development of online communication platforms has given rise to the phenomenon of the gig economy. A new economic model that embraces a variety of forms of short-term employment is rapidly spreading around the world, becoming an everyday reality and transforming the labor market. The article analyzes the factors influencing the dynamics of this process and its main effects. Testing the main hypothesis showed that the development of technological infrastructure, despite its importance, does not fully explain the unevenness of the penetration of the gig economy and the variations in its impact upon different sectors, professions, and skill levels.
Gig economy drivers are subject to further study, but already now we can state the need for targeted measures to adapt the economy to the new model, including retraining or creating alternative employment opportunities for “traditional” workers giving up jobs in favor of gig-employed ones.
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| format | Article |
| id | doaj-art-3c3d1ffce6174562ae4a0dea36a1af7a |
| institution | OA Journals |
| issn | 2500-2597 |
| language | English |
| publishDate | 2021-03-01 |
| publisher | National Research University Higher School of Economics |
| record_format | Article |
| series | Foresight and STI Governance |
| spelling | doaj-art-3c3d1ffce6174562ae4a0dea36a1af7a2025-08-20T02:26:05ZengNational Research University Higher School of EconomicsForesight and STI Governance2500-25972021-03-0115110.17323/2500-2597.2021.1.19.29The Spread of Gig Economy: Trends and EffectsNilanjan Banik0Milind Padalkar1Bennett University, Plot Nos 8-11, TechZone II, Greater Noida 201310,Uttar Pradesh, IndiaBennett University, Plot Nos 8-11, TechZone II, Greater Noida 201310,Uttar Pradesh, India The development of online communication platforms has given rise to the phenomenon of the gig economy. A new economic model that embraces a variety of forms of short-term employment is rapidly spreading around the world, becoming an everyday reality and transforming the labor market. The article analyzes the factors influencing the dynamics of this process and its main effects. Testing the main hypothesis showed that the development of technological infrastructure, despite its importance, does not fully explain the unevenness of the penetration of the gig economy and the variations in its impact upon different sectors, professions, and skill levels. Gig economy drivers are subject to further study, but already now we can state the need for targeted measures to adapt the economy to the new model, including retraining or creating alternative employment opportunities for “traditional” workers giving up jobs in favor of gig-employed ones. https://foresight-journal.hse.ru/article/view/19308gig economylabor marketstechnology indexincome distributiondigital platforms |
| spellingShingle | Nilanjan Banik Milind Padalkar The Spread of Gig Economy: Trends and Effects Foresight and STI Governance gig economy labor markets technology index income distribution digital platforms |
| title | The Spread of Gig Economy: Trends and Effects |
| title_full | The Spread of Gig Economy: Trends and Effects |
| title_fullStr | The Spread of Gig Economy: Trends and Effects |
| title_full_unstemmed | The Spread of Gig Economy: Trends and Effects |
| title_short | The Spread of Gig Economy: Trends and Effects |
| title_sort | spread of gig economy trends and effects |
| topic | gig economy labor markets technology index income distribution digital platforms |
| url | https://foresight-journal.hse.ru/article/view/19308 |
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