Gig Economy

CareerEconomyEditor's Pick

Gig Economy: The New Disruptor of Education, Jobs & Social Security

A new philosophy of labour economics is flourishing because of gig recruiters who only target their requirements irrespective of whether the doers have any formal educational certificates or not and the worthiness of gig workers decides their hiring. The sole reliance on the expertise of individuals to perform the respective jobs is likely to delink the educational attainments with the jobs which in turn will also decouple the educational attainments from the pay levels. It is imperative for the education system to engrain the students with comprehensive abilities to adapt, and learn-unlearn-learn in the self-initiated mode for remaining relevant and fetch higher incomes for themselves in the changed economic spectrum. The ensuing independence of educational attainments from jobs and income may push children out of the formal education system for immediate jobs and higher incomes, which may have its implications on the overall capacity building of human resources for sustainability.

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