Gig workers are a rapidly growing population, and this growth has been amplified with the cost-of-living crisis which has forced 5.2m workers to take on extra jobs. From delivering takeout in the evenings, providing a taxi service or freelancing, this group of employees are combating the stresses of the cost-of-living crisis with additional work. In addition, with the rise of the creator economy and gig platforms, there are so many options for people who wish to have a varied career. People either have the freedom to be a sole trader or specialise in more than one profession at a time. The opportunities are endless, and therefore people’s source of income is increasingly diversifying. There are several benefits of having a diversified income. With multiple incomes, a worker can gain more financial security than in a single job. For example, if one of several jobs is cut down, you can still invest your time in other ventures. Another benefit of having several incomes is the gain of flexible work. A worker can focus on the income that delivers the most at a given time, and flexibly shift to his other activities if the income is stagnating. However, gig workers face […]
Gig Workers Denied Equal Opportunity to Financial Services – A Cue for Change
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