What is the Gig Economy?
In the new emerging gig economy temporary, flexible jobs are commonplace and companies tend toward hiring independent contractors instead of full-time employees. ​
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In the modern digital world it is becoming increasingly common for people to work remotely allowing contractors to connect efficiently with clients or customers through an online platform.
The gig economy can benefit workers, businesses, and consumers by making work more adaptable to current needs including the demand for flexible lifestyles.
Experts in the field expect the number of gig workers to rise since the types of positions that facilitate independent contracting work don't require the person to come into the office.
Companies also have a wider range of applicants to choose from as they do not need to hire someone based on their proximity.
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Economic factors also play a major role in the gig economy. By hiring part-time or temporary contractors to take care of busier times and specific projects companies reduce expenditure and increase workload efficiency.
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The result of a gig economy is more efficient and cost effective services, such as Uber, Airbnb, and RAP.
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