Evaluating the Gig Economy's Effect on National Employment Rates

Abstract

This paper evaluates the impact of the gig economy on national employment rates across various countries. By examining data from Europe, North America, and Asia, the authors assess how gig work influences traditional labor markets. The research highlights both positive aspects, such as flexibility and innovation, and negatives like job insecurity and lack of benefits. The paper also explores regulatory responses to gig work and their effectiveness in protecting workers. The authors provide recommendations for policymakers to harness the potential of the gig economy while ensuring fair labor practices.