📱 The Risks of Canada’s Platform Economy Boom for Workers As Canada’s platform economy continues to grow, it brings with it significant risks for workers. In her latest article, Atieh Yekta explains how this transformed labor market threatens job security and disrupts traditional employment structures. Gig and platform-based jobs may offer flexibility, but they also leave workers more vulnerable, with fewer protections and less stability than conventional employment. It’s critical to understand these risks and explore ways to better support workers in this evolving economy. 🔗 Read the full article here: https://lnkd.in/g_AQwHwJ #PlatformEconomy #GigEconomy #JobSecurity #FutureOfWork #PolicySolutions #LaborMarket
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Transforming Kenya’s Digital Economy: New Toolkit Offers Policy Roadmap To Reform The Gig Economy And Impact Millions Of Workers A groundbreaking new toolkit, developed in collaboration with the Mastercard Foundation, eMobilis Technology Institute, and Africa Practice, offers a comprehensive roadmap to reform Kenya’s gig economy and create a more equitable and sustainable sector for over one million workers and businesses alike. The new toolkit, titled “A Policy Guide for Digital Economy Progress,” is the culmination of extensive research and engagement with key stakeholders in the gig and digital economy. It offers a detailed policy proposal to address the pressing challenges faced by digitally delivering gig workers and promote the sector’s growth and development. Formally recognized in 2007 under Kenya Vision 2030, Kenya’s gig economy significantly contributes to the overall GDP of the Information and Communication Technology (ICT) sector, increasing from 1.4 percent in 2017 to 2.4 percent in 2021. Currently, 1.2 million workers, most of whom operate within the informal sector, are employed in the gig economy. With the sector’s annual value estimated at USD 109 million, gig work has become a cornerstone of the digital economy. However, despite this growth, gigworkers face numerous obstacles, algorithmic bias on global platforms to limited legal protections in Kenya. “A Policy Guide for Digital Economy Progress” offers actionable recommendations to help Kenya’s gig economy reach its full potential. The toolkit uses a systems-change approach to strengthening and leveraging the connection between labour protection and a conducive environment for businesses, such as digital labour platforms and business-process-outsourcing enterprises. It proposes five key interventions, including the establishment of a tripartite forum to set industry standards and a multi-purpose gig worker registration platform. The guide also emphasises the need for legal reforms to improve protections for gig workers under the Employment Act 2007 and other labour laws, while incentivising businesses to invest in dignified gig work. “As a leader in digital skills training, we see firsthand the transformative power of Kenya’s gig economy. This guide provides a clear pathway to create an environment where gig workers can access better opportunities, and where businesses can invest with confidence in this rapidly growing sector,” said Ken Mwenda, eMobilis Managing Director and Co-founder. Muchemi Wambugu – Resident, Digital Economy Mastercard Foundation delivering a keynote address. The guide has been developed through extensive research and engagement with over 190 stakeholders, including gig workers, job providers, and policymakers. Their voices and insights have shaped this policy proposal, ensuring that it reflects the needs and aspirations of those most affected by the sector’s development. Ken Mwenda, Co-founder &
Mastercard Foundation launches Roadmap to reform Gig Economy
https://www.businessquest.co.ke
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"The handmill gives you society with the feudal lord; the steam-mill, society with the industrial capitalist." - Karl Marx This quote highlights how technological advancements reshape societal structures. Today's gig economy, powered by digital platforms, is another such transformation. It challenges traditional notions of employment, offering both flexibility and precarity. Let's discuss: 1. How does the gig economy alter power dynamics between workers and platforms? 2. What are the implications for social safety nets and worker protections? 3. Does the gig economy signal a new era of economic freedom, or does it mask a return to feudal-like conditions? The term "feudal-like conditions" is used metaphorically in this context to highlight certain similarities between the two systems. In feudalism, serfs were tied to the land and worked for the lord in exchange for protection and a small portion of the land's produce. Similarly, gig workers are often tied to digital platforms, relying on them for work opportunities. They may experience limited control over their working conditions, income instability, and a lack of traditional worker protections like minimum wage, overtime pay, and benefits. However, it's important to note that the gig economy is not a direct replica of feudalism. There are key differences, such as the ability of gig workers to switch platforms and the lack of physical coercion. Nevertheless, this comparison serves to emphasize the potential for exploitation and power imbalances within the gig economy, with the sole intention to prompt discussions about necessary regulations and protections for workers in this new economic landscape. Further reading: Wood, A. J., Graham, M., Lehdonvirta, V., & Hjorth, I. (2019). Good Gig, Bad Gig: Autonomy and Algorithmic Control in the Global Gig Economy. Work, Employment and Society, 33(1), 56-75. https://lnkd.in/d5CHBrrc #gigeconomy #futureofwork #economicsovereignty #socialjustice
Good Gig, Bad Gig: Autonomy and Algorithmic Control in the Global Gig Economy - Alex J Wood, Mark Graham, Vili Lehdonvirta, Isis Hjorth, 2019
journals.sagepub.com
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The gig economy is a fundamental part of today’s society, employing almost half a million people in the UK. It’s become totally commonplace to travel via ride-share apps, have food and groceries delivered to your door, or arrange for odd jobs in your house to be done by tradespeople you find on an app. These are essential roles – officially recognised as key workers during the pandemic – yet because they are often performed by those without a regular employment history, too many of these people are excluded from mainstream financial products. At Pockit, we are always speaking to our customers to better understand how our products can help support their everyday financial lives. We recently surveyed a group of our customers who have been employed in the gig economy, and a majority of respondents said that they previously had been denied an important service or purchase, such as banking or accommodation because they weren’t in full-time employment. I founded Pockit because I wanted to create a platform to help people who are shut out of traditional banking and financial services. I’ve seen first-hand the impact that this can have on people’s everyday lives, making it so much harder to simply get by. Not only does this create huge personal challenges, but these needless barriers hold back wider economic prosperity. Gig economy workers play a vital role in supporting many of the UK’s industries, from travel to hospitality, and I’m proud that Pockit can offer its services to such a wide range of people across the country. #pockit #growth #finance #financialinclusion #gigeconomy
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Invitation to Webinar: Rethinking Social Protection and Social Contracts in the Context of the Gig Economy | 27 March | 14h00 -15h00 SAST I will be chairing a thought-provoking webinar on the impact of the gig economy on social contracts and social protection! The rise of platforms like Uber and Upwork has changed how people work. While offering flexibility, gig work often lacks social safety nets and fair wages. This webinar explores: ~ How social policies can adapt to the unique challenges of gig work. ~ Perspectives of gig workers, policymakers, and platform owners. ~ Envisioning a more inclusive social contract. The webinar contributes to discussions around UN Sustainable Development Goal 8: Decent Work and Economic Growth. When: (Today) March 27, 2024 Time: 14:00 - 15:00 SAST (South African Standard Time) Presenters: ~ Professor Lauren Graham (Centre for Social Development in Africa, University of Johannesburg) ~ Khuliso Matidza (CSDA, University of Johannesburg) Discussant: ~ Professor Marianne Sandvad Ulriksen (Syddansk Universitet - University of Southern Denmark) The event is hosted by the Centre for Social Development in Africa (CSDA), University of Johannesburg, and the JUST SOCIETY, University of Southern Denmark. #GigEconomy #SocialContract #FutureOfWork #SDGs #DecentWork #Webinar #SocialProtection #JustSociety #CSDA #UJ #Denmark https://lnkd.in/dEhNzPPm
Welcome! You are invited to join a webinar: Rethinking Social Protection and Social Contracts in the Context of the Gig Economy. After registering, you will receive a confirmation email about joining the webinar.
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The gig economy or ‘on demand workforce’ has become a popular way for many Australians to earn a living. AustralianSuper explains the few things to be aware of when it comes to gig working and contributing to your super.
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🚀 𝗧𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗪𝗼𝗿𝗸: 𝗘𝗺𝗯𝗿𝗮𝗰𝗶𝗻𝗴 𝘁𝗵𝗲 𝗚𝗶𝗴 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 Have you ever wondered how the gig economy is reshaping our careers and lives? 🔹 Flexibility: Unparalleled options for choosing when, where, and how to work. 🔹 Income Opportunities: High-paying gigs are supporting financial independence for millions. 🔹 Skill Enhancement: Continuous learning keeps professionals competitive in a fast-changing world. 🔹 Tech Integration: Advanced platforms are the backbone of this digital transformation. 🔹 Policy Evolution: Balancing flexibility with social protections is critical for worker support. 🔹 Future Outlook: The gig economy is poised to reshape traditional employment structures. 💡 Did you know? By 2027, freelancers are expected to make up 50% of the U.S. workforce (Upwork). 🔹 Challenges: Income stability and worker rights remain areas for improvement. Collaborative efforts between policymakers and platforms can bridge these gaps. 📊 WEF Report: According to the World Economic Forum, the gig economy is a vital income source for many and requires balanced policies for fair working conditions. Read the full report here published in November 2024. https://lnkd.in/gH_XfCQx 🌟 The gig economy is not just a trend; it's a revolution. What’s your perspective? Share your thoughts below! #FutureOfWork #GigEconomy #FreelanceLife #DigitalTransformation #RemoteWork #CareerGrowth #WorkLifeBalance #IncomeFlexibility #SkillsGrowth #TechDriven #PolicyInnovation
What is the gig economy and what's the deal for gig workers?
weforum.org
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Are you thinking about having a side hustle in the gig economy? You are not alone. Join the a million others who have taken multiple gigs. It is exciting to see what the future holds right in front of me. When I started MyGigsters, we saw a future where a traditional 9-to-5 wouldn't be enough. Many will enter the gig economy to supplement their main income source or add an extra adventure to life. Is it not just rideshare and delivery gigs The gig economy is huge and welcomes people to monetise any skills and make an extra income. 🔹 Post-pandemic surge in Australians with multiple jobs. 🔹 Women lead: 7.3% have two jobs, versus 6% of men. 🔹 Victoria and NSW have the highest numbers: 272,200 and 267,400, respectively. 🔹 Low unemployment reflects a strong job market. 🔹 Gig economy diversifies roles from Uber driving to consulting. The problem still exists! Do we have the fit-for-purpose financial service for this rapidly growing workforce? Taxes, Benefits, Access to credit, Accepting pay and more... If you are doing a side hustle - Drop your side gig in the comments 👇 Link to article in the comments #gigeconomy #gigworkers #futureofwork #australia
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✍️An Article On #GIG #ECONOMY By Advocate Rajeev Kumar Pandey✍️✍️ #Historical #Evolution #Of #Gig #Economy:- The Gig Economy has its roots in the early 20th century, with the rise of freelance workers in various industries. However, the modern concept of the Gig Economy gained traction in the late 2000s, with the emergence of online platforms such as Uber (2009), TaskRabbit (2008), and Airbnb (2008). These platforms enabled individuals to monetize their skills, assets, and free time, creating a new paradigm of work. #Theories #Of #Gig #Economy:- 1. #Sharing Economy: The Gig Economy is often associated with the Sharing Economy, which emphasizes the sharing of resources, goods, and services. 2. #Precariat:The Gig Economy has also been linked to the concept of the Precariat, a class of workers characterized by precarious, flexible, and often low-wage work arrangements. 3. #Neoliberalism: The Gig Economy reflects neoliberal ideals, prioritizing individual freedom, entrepreneurship, and market forces over collective bargaining and social welfare. #Principles #Of #Gig #Economy 1. #Flexibility: Gig workers choose when, where, and how much they work. 2. #Autonomy: Gig workers are their own bosses, with control over their work and clients. 3. #Variety: Gig workers can engage in diverse tasks and projects, reducing monotony. 4. #Opportunity: Gig platforms provide access to new markets, clients, and income streams. #Data #Related #To #Gig #Economy:- 1. #Growth: The Gig Economy is projected to reach $455 billion by 2025 (Mastercard). 2. #Participation: 57 million Americans freelanced in 2020 (Upwork). 3. #Demographics: Gig workers are diverse, with 53% women, 44% under 35, and 31% from ethnic minorities (Edelman). #Advantages: 1. #Flexibility: Gig workers enjoy flexible schedules and work arrangements. 2. #Innovation: Gig platforms foster innovation, entrepreneurship, and creativity. 3. #Access: Gig platforms provide access to new markets, clients, and income streams. 4. #Diversity: Gig workers can engage in diverse tasks and projects. #Disadvantages: 1. #Instability: Gig workers face uncertain income, benefits, and job security. 2. #Exploitation: Gig workers may be exploited by platforms, clients, or algorithms. 3. #Lack of Benefits: Gig workers often lack access to benefits, training, and social protections. 4. #Inequality: Gig platforms can exacerbate income inequality and social disparities. #Impact: 1. #Labor #Market: The Gig Economy is transforming the labor market, with more workers engaging in non-traditional work arrangements. 2. #Social #Safety #Net: The Gig Economy challenges traditional social safety nets, requiring new forms of protection and support. 3.#Regulation: The Gig Economy raises regulatory questions, with debates around worker classification, taxation, and benefits. 4. #Future #of #Work:The Gig Economy is shaping the future of work, with implications for education, training, and skill development. #Trending #finance
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New Policy Guide Charts Path to Transform Kenya’s Gig Economy. A new toolkit, developed in collaboration with the Mastercard Foundation, eMobilis Mobile Technology Institute Technology Institute, and Africa Practice, offers a comprehensive roadmap to reform Kenya’s gig economy and create a more equitable and sustainable sector for over one million workers and businesses alike. The new toolkit, titled “A Policy Guide for Digital Economy Progress,” is the culmination of extensive research and engagement with key stakeholders in the gig and digital economy. It offers a detailed policy proposal to address the pressing challenges faced by digitally delivering gig workers and promote the sector’s growth and development. “As a leader in digital skills training, we see firsthand the transformative power of Kenya’s gig economy. This guide provides a clear pathway to create an environment where gig workers can access better opportunities, and where businesses can invest with confidence in this rapidly growing sector,” said Ken Gikunda emobilis, eMobilis Managing Director and Co-founder. Richard Kiplagat, Managing Director of East Africa and Group Chief Commercial Officer at Africa Practice said, “This toolkit represents a significant step forward in shaping the future of Kenya’s gig economy. By addressing regulatory gaps and advocating for worker protections, we aim to create a fair and sustainable digital ecosystem that allows Kenya’s young people to thrive and compete on a global scale.” Read more >> https://lnkd.in/daGqZ_iR
New Policy Guide Charts Path to Transform Kenya’s Gig Economy - TechArena
https://www.techarena.co.ke
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