Remuneration in the Gig Economy - A Game of Hard Cash?
Lisa (not her real name), is a young mother who drives for an e-hailing company after dropping her kids off in school. And come the school dismissal time, while she waits near the school, she sources for customers for her insurance business over social media and when she reaches home after picking her kids up, she bakes pastries to be distributed to a few bakeries in her neighbourhood. Her pastries are picked up by Eddy (not his real name) and sent to those bakeries, right before he starts his shift as food delivery person after completing a full day’s work at the office. Welcome to the gig economy, ladies and gentlemen! According to cnbc.com, there are about 60 million gig workers in the United States and by 2027 it is expected that majority of US workers will be contract workers. This has been attributed to the rise in the block chain system, usage for more and more contract employees for optimum output by large corporations, the advent of Internet of Things which facilitates re...