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05/06/2018
Gig Economy No Comments

Gig Economy

The gig economy has taken over the world, with most people not fully realising its impact. Put simply, the gig economy is a labour market characterised by freelance, flexible, on-demand work rather than the more traditional nine-to- five working model, says Amanda Arumugam, senior associate at Bowmans.

Instead of being paid a regular salary, workers are paid for each ‘gig’ they do, such as a car journey, food delivery or a cleaning job.

Typically, workers in the gig economy find jobs by registering on websites or apps and signing up for what they want to do. Around 15.6% of the UK’s workforce make up the gig economy. The figure is 34% in the US and expected to rise to 43% by the year 2020. South Africa will, no doubt, follow suit, Arumugam said.  (businesstech.co.za)

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