Ishan BhatnagarAIR 5 · CSE 2025 · 171 wordsTheir whole copy
Opening · a definition
Gig economy involves informal jobs where companies work with professionals, service providers as independent contractors.
It is a form of informal work that brings flexibility to the worker and lowers labour law compliance costs for company.
Implications for job security
Body · points
Gig economy denotes [post-fordist] trend of flexible work, with no tenure of employment as per an employment contract.
It leads to the creation of a [precariat] (gig standing) with workers facing low job security, no social security, limited labour law protections.
Implications for labour rights
(3) [Marxist] thinkers point out that gig economy represents the [neoliberal model] of "race to the bottom" where labour law protections are diluted.
(4) [Keith Hart] had pointed out that such informality leads to limited labour rights in terms of sickness leave, social security etc.
(5) [ILO] had pointed out that gig work can lead to dilution of labour rights.
Close · a summary
Hence despite economic opportunities generated by gig work, it can compromise workers' welfare in the absence of labour law coverage and social security mechanisms.