What is the gig economy? Why the future of work is online (and how to prepare)

There’s a very strong chance the work you’re doing right now will be unrecognizably transformed in the next 10-20 years, especially if you work in an …

There’s a very strong chance the work you’re doing right now will be unrecognizably transformed in the next 10-20 years, especially if you work in an office.

If you haven’t been replaced by AI or automation, chances are you’ll be working online in a freelance capacity.

Being prepared for this likely future is highly advisable if you want to thrive in the new economy, rather than falling behind a younger, more tech-savvy generation. It’s also a great move for anyone who wants to maximize their earnings and happiness right now.

Here’s what you need to know about the gig economy and working online.

What is the gig economy

You might be skeptical — that’s understandable. Read on and I’ll try and change your mind.

The gig economy simply refers to the recent trend for jobs to be paid on a “per gig basis.” It’s like Uber, which allows drivers to make money by taking on passengers through an app and getting paid for each journey.

In the worst case scenario, the gig economy can be compared with zero hours contracts. There is a real danger that freelancers will end up working for a single company with everything that entails, but none of the stability or rights that come from a full-time contract.

There has understandably been some pushback from the European parliament and other government organizations.

On the other hand, the gig economy has proven highly successful. By decentralizing the business model, customers pay far less for a much quicker and more reliable service. So much so, that old-fashioned taxi firms are already in danger of going extinct.  The same thing is happening with companies like Deliveroo.

Read full original article here

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