According to dictionary.cambridge.org, the gig economy is a way of working that people having temporary jobs or doing separate pieces of work rather than working for an employer.
The term ‘gig’ is a slang word meaning a job for a specific period of time and it is basically refers to musicians.
The example of the gig economy are freelancers, YouTubers, independent contractors, project-based workers, and temporary or part-time hires.
Gig Economy Phenomena
Many studies predicted that the trend of a gig economy will high increasingly in 2020. In a gig economy, businesses save resources in terms of benefits, office space and training.
They also have the ability to contract with experts for specific projects who might too high-priced to maintain on staff. From the freelancers’ perspective, a gig economy can improve work-life balance over what is possible in most jobs.
Ideally, the independent workers selecting jobs that they want, rather than forcing into certain works.
In the digital age, the workforce is increasingly mobile and work can increasingly be done from anywhere, so that job and location are decoupled. That means that freelancers can select among temporary jobs and projects around the world.
Besides, employers can select the best individuals for specific projects from a larger pool than that available in any given area.
Example of Gig Economy
Youtubers is one of the ideas working in the gig economy. Youtubers can earn much money by making and uploading videos on YouTube. Their income will be got from AdSense or ads.
YouTube provides fees to YouTubers in the range of US $ 1-5 for each video watched at least 1,000 times. Aside from AdSense, a YouTuber can also earn income from endorsers and sponsors.
Some YouTubers who have content with certain categories often get requests from a number of vendors or companies. There are those who request to review the product.
In return, the company gave YouTuber a number of remunerations to support their video production. Moreover, the income from the sponsor is equivalent to 12 times AdSense revenue. In this way, YouTubers can get income from various sources that make the job more attractive.
Read more : Make money quickly through the Internet, Can You?
