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Manonita Rathore
Gig economy and behaviour &soft skills Expert
Asked a question last year

What is the future of gig economy ?.

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Manonita Rathore
Gig economy and behaviour &soft skills Expert

The demographics and motives of the task-oriented gig economy suggest that gig work is here to stay. There will always be people who want or need supplemental income due to short-term circumstances, such as the recent government shutdown, or to long-term issues, such as income instability or disabilities that interfere with working a 9-to-5 job. Even older generation are participating in gig work to keep themselves busy after retirement.

By understanding the motives and lives of people completing gigs, it is easier to understand that there is a place in the economy for gigs to stay. With new companies providing gig work opportunities, as well as existing companies creating a space for this type of work, the widespread adoption and growth may not be far off. Still, it is important to understand that this does not mean massive groups of people will be quitting their 9-5 jobs.ย 

There will always be freelancers, casual earners, and people that are financially strapped that benefit from the gig economy; therefore, there will always be companies providing these gigs.

The nature of work arrangements is in flux. Although we lack large-scale, consistent data on non-traditional work arrangements, over the past two decades, the number of people engaged in gig work in some capacity has increased across most measures.116

Continued technological advancement holds the potential to facilitate further increases in gig work participation. Online platform technology has made new forms of work possible, and as this and related technologies develop, they are likely to continue to shape the workforce and contribute to changes toย the gig economy.