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Labour Markets - What is the Gig Economy?

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Globalization, de-industrialisation, automation and digitization - all have had and continue to have a disruptive effect on traditional jobs and working practices in the UK. The Gig Economy is an important synoptic topic because it cuts across many areas of the A level course ranging from business objectives, costs and profitability, the labour market and aspects of macroeconomic performance such as unemployment, real living standards, economic-well-being and government finances. A recent CIPD report began by saying that “The gig economy has so far proved hard to define, hard to measure and hard to interpret.”
In the gig economy, companies hire contingent workers, provisional employees who work for the organization on a non-permanent basis.
According to John Gapper (writing in the Financial Times) the gig economy recasts employees as contractors, vendors and temporary workers
4% of UK working adults aged between 18 and 70 are working in the ‘gig economy’ according to a recent CIPD report - equivalent to around 1.1 million people
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In the gig economy, companies hire contingent workers, provisional employees who work for the organization on a non-permanent basis.
According to John Gapper (writing in the Financial Times) the gig economy recasts employees as contractors, vendors and temporary workers
4% of UK working adults aged between 18 and 70 are working in the ‘gig economy’ according to a recent CIPD report - equivalent to around 1.1 million people
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