Sunday, August 2, 2020

Gig Workers Market Structure

Inforgraphics on Gig Workers in Malaysia. I come across a few interesting readings, which I will post soon. The article describes the weak structural system of gig workers as compared to more institutionalised traditional jobs. Gig Economy aka 'platform economy aka informal economy aka apps economy' gains more support in the emerging and developing economies since the policy makers see its potential as a new engine of growth. The more advanced economy, on the other hand, are more concerned on the well-being of the workers. Statistics show that gig workers are more prevalent in the developing countries, while the employers, with established platforms, are the advanced economies. The same article highlights that skills and established platforms are the two important features in Gig economy. 

Another catching-up to do for the have nots. Got any ideas on how to reverse the situation so that the established platforms are of Asia's origin?

Statistics on Gig Workers in Malaysia: 
https://www.dosm.gov.my/v1/uploads/files/6_Newsletter/Newsletter%202020/DOSM_MBLS_1-2020_Series-8.pdf

Inforgraphics from Brant: 

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