Being your own boss might look like an increasingly attractive option. But what are the downsides to going freelance and joining the gig economy? This video by the World Economic Forum and TED-Ed explains. Discontent is brewing among gig workers , with growing pressure for digital platforms to recognize them as full employees The gig economy uses digital platforms to connect freelancers with customers to provide short-term services or asset-sharing. Examples include ride-hailing apps, food delivery apps, and holiday rental apps. It’s a growing segment, bringing economic benefits of productivity and employment. But it also raises questions about levels of consumer and worker protection. The challenge is to balance innovation with a fair deal for workers . The global gig economy is expanding rapidly, offering an opportunity to reimagine work models while prioritizing inclusion, resilience and well-being. Empowering gig workers is crucial to sustain the model and requires collaborative action from platforms, governments and worker organizations to ensure fairer outcomes for all. Asia, at the epicentre of the gig economy’s growth, is uniquely positioned to lead with innovation, offering scalable solutions tailored to its diverse workforce.
