Q. Consider the following statements regarding the “gig economy”
1.Gig jobs does not require any specialized skills or expertise
2.Gig workers include self-employed, freelancers, independent contributors and part-time workers.
Which of the above statements is/are correct?
Answer: B
Notes:
According to a recent study by UNDP and FICCI, the rise of the gig economy has the potential to boost women’s employment in formal jobs.
- The Gig Economy is characterized by short-term contracts or freelance work as opposed to permanent jobs. It often involves connecting with customers through an online platform. Example: Delivery boys of app-based food, consultants, bloggers.
- According to the World Bank, around 6% of the world’s labor force is part of the gig economy.
- Gig workers include self-employed, freelancers, independent contributors and part-time workers.
- More than half of gig jobs are driven by demand for low-skilled, low-wage work. But around 30% of them require specialized skills and expertise.
Source: Gig economy can boost jobs for women
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