At first glance, the gig economy offers unparalleled flexibility. But it’s this same. The gig economy, characterized by its flexibility and independence, has become an integral part of the modern workforce. With approximately 150 million people in north america and western. Specifically, we review what factors drive individuals to engage in gig work, how gig work impacts gig workers based on four theoretical approaches, and what outcomes individuals experience as a result of engaging in gig work. Our research showed that gig workers valued their. For some gig workers, losing the flexibility to set their own schedules is equivalent to taking a 17 percent pay cut, according to new research that explores the wages and work habits of doordash drivers. While independent work offers flexibility and autonomy—which about a quarter of survey respondents report prioritizing in their careers—most people working independently would prefer a more stable form of employment. Further, with the emergence of gig economy and higher technology literacy, some of the gen z (mahapatra et al. , citation 2022) and gen y (raja et al. , citation 2022) workers are being engaged in temporary work or gig work seeking flexibility at. Workers who choose to be independent value the autonomy and flexibility. There is more work to do on issues such as benefits, income security measures, access to credit, and training and credentials.
