Q. Consider the following statements regarding the “gig economy”
1.Gig jobs does not require any specialized skills or expertise

2.Gig workers include self-employed, freelancers, independent contributors and part-time workers.

Which of the above statements is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

According to a recent study by UNDP and FICCI, the rise of the gig economy has the potential to boost women’s employment in formal jobs.

  • The Gig Economy is characterized by short-term contracts or freelance work as opposed to permanent jobs. It often involves connecting with customers through an online platform. Example: Delivery boys of app-based food, consultants, bloggers.
  • According to the World Bank, around 6% of the world’s labor force is part of the gig economy.
  • Gig workers include self-employed, freelancers, independent contributors and part-time workers.
  • More than half of gig jobs are driven by demand for low-skilled, low-wage work. But around 30% of them require specialized skills and expertise.

Source: Gig economy can boost jobs for women