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Gig-economy workers already knew what coronavirus is teaching the rest of us now

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A pandemic isn’t forever, but it should forever change the way we view our vulnerabilities.

Medically, most of the afflicted will recover.

Economically, most of those affected will rebound.

But the way we work — the way we think about jobs and the jobless — will never be the same. It hasn’t been for a long time.

If today feels abnormal — waiting at home for weeks to be called back to your old workplace — welcome to the new normal. If you’re lucky, you at least have a workplace still waiting for you.

If you think these are tough times, spare a thought for those already living it, and likely to experience it for the rest of their working lives. Who are these people?

Today these people are us, cooped up at home. But in recent years, it has been a lot of “other” people — from the millennial children of boomers who have never known anything but the gig economy, to new immigrants lacking local experience, to older workers lacking retraining.

Bouncing from part-time job to contract job to temporary job. Waiting at home to get a gig offering free food samples to shoppers; or on call to deliver your Amazon parcels; or checking the part-time roster at Tim Hortons for an unscheduled shift.

The new world of work long predates the novel coronavirus. And long after the pandemic disappears, the gig economy will keep growing — and going viral — with all the uncertainty, insecurity and disruption you feel in your bones today.

We may put off the pandemic by bending the curve and displacing the peak. But we cannot bend the old economy back into shape, because the gig curve keeps getting steeper.

The pandemic will one day go away, but the precarious economy won’t. We can no longer ignore either of these global phenomena.

Now that we have your attention and rumination, consider the solution. Like infectious diseases, insecurity is nothing new — it keeps coming back in one form or another.

We all hope there will one day be a vaccine for the pandemic.

But we already have the antidote to precarity: security — income security.

And not just in an emergency.

Income security sounds like something abstract or complicated, but nothing could be more tangible and understandable: If you lose income, you make it up with a guaranteed minimum; if you gain or regain income, you give up your supplement (it’s taxed back).

You want complexity and uncertainty? Consider the current patchwork of social welfare programs for those in need, in economic distress, or without employment income:

Ontario Works and the Ontario Disability Support Program. There’s also EI, OAS, GIS and ODB — short for Employment Insurance, Old Age Security, Guaranteed Income Supplement and Ontario Drug Benefit.

There are many more, but you get the idea. Yet did you truly know — before the pandemic hit and emergency aid magically appeared from Ottawa — that less than one-third of unemployed Ontarians were eligible for jobless benefits?

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What’s the point of EI if it has been whittled away to a boutique insurance program targeting only the most resilient among us? What about those who need it most, but can’t get EI in the same way that people with pre-existing conditions can’t get health insurance in the U.S.?

Few people paid attention when the province’s last Liberal government proposed a three-year pilot program to give the most vulnerable Ontarians an understandable and dependable minimum income. There were no votes in it, because the minimum income isn’t a partisan play.

Yet it’s a practical idea that attracts support from both left and right for its simplicity, efficiency and humanity. It also inspires skepticism from people on all sides of the political spectrum who are suspicious of motives and skeptical of change.

But the world is changing. Even if some politicians prefer disruption to adaptation.

Running to be premier, Doug Ford’s campaign made an explicit promise to retain that minimum income pilot. Upon winning power, Ford broke that promise and barely anyone noticed.

Within days of taking over, he also cancelled a new OHIP+ program that extended major drug coverage to young adults and senior citizens — the beginnings of a universal pharmacare program patterned on our successful medicare OHIP coverage. Many workers enjoy private workplace programs, so why worry about those without — until it affects us?

Don’t blame Ford alone for his thoughtlessness — he did what he thought he could get away with, knowing voters would think little of it. Once he realized people were paying attention to the punitive and perilous nature of sick notes for ill workers — banned by the previous government but restored by Ford — he belatedly banned them again this week.

When people panic, our politicians respond quickly with programs to plug the gaps, as we saw this week from both our federal and provincial governments. What will it take for all of us — and all our politicians — to understand that the time for a minimum income has come?

Politicians don’t really change until people change.

Sitting at home, worrying about when we’ll be back in the workplace, it is perhaps easier for people to grasp the gig economy that leaves so many others out of work so much of the time. The realization may slowly sink in that this is the new normal, not just in times of pandemics but in precarious times.

What happens when life returns to normal? Will it be business as usual for those without work?

Are we going to just withdraw the temporary social safety net extended for this month’s pandemic? Once most of us bounce back, will we leave everyone else to brace for a hard landing in the precarious workplace that never goes away?

Unlike a pandemic, precarity is permanent.



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Gig Economy Market 2021 | Covid19 Impact Analysis | Business Outlook, Growth, Revenue, Trends and Forecasts 2026

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Gig Economy Market
A new business intelligence report released by Qurate Research with the title “Global Gig Economy Market Research Report 2021” that targets and provides COVID-19 Outbreak comprehensive market analysis with prospects to 2026. The analysts of the study have acquired, extensive research methodologies and data sources (i.e. Secondary & Primary Sources) to generate collective and useful information that delivers the latest market undercurrents and industry trends. The report provides a comprehensive overview including Definitions, Scope, Application, Production and CAGR (%) Comparison, Segmentation by Type, Share, Revenue Status and Outlook, Capacity, Consumption, Market Drivers, Production Status and Outlook and Opportunities, Export, Import, Emerging Markets/Countries Growth Rate. The report presents a 360-degree overview of the competitive landscape of the industries.

The report evaluates the global Gig Economy market size, share, and growth rate and provides an accurate projection for similar facets by thoroughly studying historic as well as the current status of the market. The report presents a market analysis based on revenue and sales volume. It also allows for gaining comprehensive acumen in upcoming business opportunities, obstacles, threats, and hindering factors in the market.

Besides, the report sheds light on the significant evaluation of leading contenders who have been performing in the market to satisfy the desired needs and anticipations of end-users. The report offers in-depth insights into leading market players, alongside their corporate and organizational profiles, financial details, manufacturing methodologies, and so forth. Statistical details in terms of revenue, sales volume, profit margin, and CAGR have been included in the report. Additionally, the report comprises recent strategic and tactical moves that help to form their own lucrative business stratagem and make profound business decisions.

This report categorizes the market based on manufacturers, regions, types and applications.

A thorough assessment of leading manufacturers including their profiles, pricing structure, and product specifications of Gig Economy Market:


TaskRabbit
BellHops
Guru.com
HopSkipDrive
Freelancer
Rover
Upwork
Fiverr
DoorDash
Favor Delivery
Turo
Twago Enterprise
Handy

Key Market Segmentation as follows –

Type Segmentation

(APP-based, Website-based)

Industry Segmentation

(Freelancer, Independent Contractor, Project Worker, Part-Time)

Buy Latest Copy of Report! @ https://www.qurateresearch.com/report/buy/MnE/global-gig-economy-market/QBI-BIS-MnE-939056/

Market Segment by RegionsNorth America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Additionally, the report discusses provincial trade frameworks, entry barriers, and varying economic structures.

Moreover, the report presents industry overview in a portrayed view to offer a wide acuity of the global Gig Economy market. It also provides a detailed analysis based on a competitive landscape that aids a reader to obtain a thorough perception of competitive advantages, contender’s missions, core values, and niche markets. It also highlights how the Gig Economy market is associated with its peer and parent market. Further, the report illuminates its impacts on the international economy throughout the period between 2021 and 2026.

If you are involved in the Global Gig Economy industry or intend to be, then this study will provide you a comprehensive outlook. It is vital you keep your market knowledge up to date segmented by major players. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports, we can provide customization according to your requirement.

The Global Gig Economy Market Report Enfolds:

• Extensive delineation of Gig Economy industry overview.
• Cardinal synopsis of every leading contender performing in the global Gig Economy market.
• Statistical assessment of Gig Economy market size, share, revenue, growth rate, and sales volume.
• Precise details based on Gig Economy market segmentation.
• Valuable information on the changing-pricing structure.

Major Points Covered in TOC:

Gig Economy Market Overview
Gig Economy Market Segment by Type
Gig Economy Market Analysis by Applications
Gig Economy Market Analysis by Regions
Gig Economy Market Dynamics
Gig Economy Manufacturers Profiles
Gig Economy Market Forecast (2021-2026)
Sales Channel, Distributors, Traders and DealersResearch Findings and Conclusion

Any query? Enquire Here For Discount Or Report Customization

Contact Us:

Web:www.qurateresearch.com
E-mail:[email protected]
Ph: US – +13393375221

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Note: In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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What freelancers should know about navigating the gig economy

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In this episode of In The Know’s Getting Rich, financial expert Carmen Perez chats with certified financial planner Brittney Castro on everything freelancers should know about the gig economy.

The gig economy refers to freelancers, contractors or anyone with a specialized skill set including graphic design, home repairs and web development. But freelancers have to consider things full-time works may not have to, like the cost of private insurance and setting aside taxes. When you’re self-employed understanding personal finance can make or break you but it can also offer you freedoms a nine to five can’t.

“The main feature of this type of work is freelancers get to take on as much or as little work as they want, set their own pay and generally work across a variety of different industries,” Perez said.

A common misconception Castro, the founder of Financially Wise Inc., runs into with freelancers is the belief that creatives can’t handle the financial side of things.

“Creativity is so valuable with finances and wealth creation. If you just stop saying that and take the time to learn and get yourself empowered, you’ll probably be really good at managing money,” Castro said.

So to ensure you get all those sweet freelancing perks, you’ve got to be prepared.

“Make sure you have a separate account for taxes. All and any money that you make, [make sure] you’re setting aside the right amount of taxes for that,” Perez said.

Keeping records in one place whether it’s QuickBooks or a notebook, will make things that much easier on tax day. 

Another piece of advice from Castro was to think of yourself like a business from day one.

“Separate your business and personal checking accounts right away. Have a business name, have a business entity,” Castro said. “Maybe you have to learn bookkeeping, maybe you have to learn health insurance, learn about benefits. It can be frustrating and challenging but with those learning curves you get empowered and you keep going.”

During slow periods when less work is coming in, Perez recommended an emergency fund to ensure bills get paid.

For freelancers who are past the beginner stage and ready to level up, Castro suggested to start investing.

“Investing in things that will grow your money faster than your savings or checking account is the name of the game,” Castro said. “Start with one, figure out where your natural interest lies, focus on that investment category. Then commit to constantly learning.”

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Almost two fifths of gig economy workers get less than a week’s notice over shifts or work patterns

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Close to two-fifths  of UK workers in full or part-time employment are given less than a week’s notice of their shifts or work patterns, according to new research conducted by the Living Wage Foundation. 

The research – based on two surveys, of over 2,000 UK adults in each case[1] – addresses a gap in the UK’s labour market data and understanding of hours insecurity, being the first recent study to assess notice periods for work schedules across the workforce.[2]

The study found that among the 59% of workers whose job involves variable hours or shift work, over three-fifths (62%) reported having less than a week’s notice of their work schedules. At the extreme, 12% of this group – amounting to 7% all working adults – had less than 24 hours’ notice.

While short notice periods affect workers throughout the UK, they are particularly common in London, where almost half (48%) of all workers received less than a week’s notice of work schedules. Scotland (35%), the South of England excluding London (34%), and the North of England (33%)  are areas where short notice periods were less common.

A second survey conducted by the Living Wage Foundation homed in on the experience of full-time, low-paid workers, finding that they were particularly hard hit by short notice of working hours. Of those working full time and paid below the real Living Wage of £10.85 in London and £9.50 in the rest of the UK, more than half (55%) had less than a week’s notice of work schedules, with 15% having less than 24 hours’ notice. Low-paid, full-time workers from Black, Asian and minority ethnic backgrounds[3] (68% of whom had less than a week’s notice of work patterns) and those with children (64%) were also disproportionately affected.

Laura Gardiner, Director, Living Wage Foundation, said:

“Without clear notice of shift patterns provided in good time, millions of workers have had to make impossible choices on childcare, transport and other important aspects of family life. Low-paid workers have been particularly hard hit during the pandemic, with millions struggling to plan their lives due to the double whammy of changing restrictions on economic activity and insufficient notice of work schedules from employers.

Despite this, and the challenges many employers have faced, some have stepped up during this crisis and committed to provide workers with secure, guaranteed hours and notice of shift patterns. These are the businesses that will help us rebuild and recover, and we encourage more employers to follow their example.”

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