The Gig Economy: Understanding the Rise of Freelance Work

The 'gig economy' refers to a labor market characterized by short-term contracts or freelance work rather than traditional full-time employment. This trend has gained significant momentum in recent years, driven by factors like technological advancements, globalization, and a changing workforce.

While the gig economy offers flexibility and independence, it also presents challenges such as job insecurity and a lack of benefits. Understanding its nuances is crucial for individuals seeking work opportunities and policymakers aiming to shape the future of the labor market.