The gig economy and coronavirus. There is a significant correlation between the two.
With the declaration of Covid-19 outbreak as a pandemic by the World Health Organization, salaried employees at companies across the country are shifting to work from home relatively with ease. But there are more than 50 million gig workers in the US who do not have the facilities and securities and they are already under the bus amidst the social distancing and self-isolation methods. The freelancers here constitute more than 30% working population and run a trillion-dollar income generation business.
As we all know, a gig economy is a free market system in which temporary positions are common and organizations contract with independent workers for short-term engagements. Connecting the gig economy and coronavirus will lead us to conclude a lot of statements. Talking about Covid-19, the pandemic that is on the rise has led to a crazy shut down globally affecting the overall economy and the functioning of not just some but all big and small businesses. While coronavirus is affecting the big players and affecting the functioning of the organisation, the work from home concept is taking a boom amidst the pandemic with a rise in demand for the gig workers as well.