The Gig Economy: Opportunities and Challenges of the Non-Traditional Workforce Model

Abstract

The gig economy, characterized by short-term contracts and freelance work, has revolutionized the traditional workforce model. This article explores the burgeoning gig economy, analyzing both the opportunities it presents for workers and businesses, and the challenges it poses in terms of job security, income stability, and worker well-being. We examine the factors driving the growth of the gig economy, including technological advancements and changing societal preferences, and assess its impact on various sectors of the workforce. Finally, we consider potential policy interventions and future trends that may shape the trajectory of this dynamic and disruptive employment landscape.