Tuesday, April 21, 2020

Gig Economy Scenario in Malaysia


A short take for the background of the state of Gig economy in Malaysia. This article gives a perspective on the good, the bad and the ugly side of gig economy. What can be said is that if the economy performs well, gig workers enjoy all the benefits of working at their own pace and selling their talents to employers worldwide. But COVID-19 is an eye opener. Can the good things last forever?

At the end, the most important thing is financial literacy. Economics literacy. Growth. Good government. Stability. Faith. 
Hope the article benefits you. 
By the way, I met PM Dr. Mohd Fazli Sabri during MACFEA Conference way back in 2013.

Gig Economy Stock Illustrations – 77 Gig Economy Stock ...              Chinese internet-based service companies, which served as the employment backstop in the last economic down, have themselves fallen on hard times, only adding fuel to rising lay-off worries. Illustration: Brian Wang
              Pic. China losing the ability to absorb layoff workers
-

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Economics of Natural Disasters

Global economic damage from natural disasters, differentiated by disaster category and measured in US$ per year. Data are sourced from OurWo...

  • Budget 2019 Discussion
    How are you going to contribute to the nations in terms of closing the wealth inequality gap?
  • Malaysia and Economic Recovery
    In Tinta Minda, BERNAMA. Malay article. Excerpt: "Laporan prestasi ekonomi negara pada suku ketiga pada 2020 yang diumumkan Bank Negara...
  • Great Recession vs. Great Depression
    Please read the article by Paul Krugman in the New York Times at the link given below and give your comments as what Malaysia had experience...