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The Thriving GIG Economy; Everything You Need To Know About It

On Thursday, the European Commission augmented the working status of the Gig economy of Workers. Not only they will be ensured minimum wage but also enjoy benefits like sick pays, leaves, and on-the-job insurance. Amidst the growing concerns about pay-out and social security, Gig workers in India demanded similar coverage (under legislation). Asking for established acts, maternity benefits, and unorganized workers social welfare act/association. There was a petition filed in the Supreme court to secure benefits to the same. According to Investopedia, the gig economy is the one where people work in part-time, temporary positions, or as independent contractors. Gig workers are widely categorized into freelancers, platform economy, and on-demand task-based workforce. India is among th...

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