Over the past decade, the gig economy has transformed the nature of work and reshaped labour markets across the globe. Driven by rapid technological advancement, shifting worker preferences, and a demand for flexibility, the gig economy represents a fundamental shift from traditional employment models. This research explores the evolution and implications of the gig economy from 2014 to 2024, with a particular focus on economic trends, policy challenges, and employment dynamics. The paper draws upon global and regional data, with specific emphasis on the UK, India, and Southeast Asia, to illustrate the socioeconomic impacts of gig-based work. Through a combination of literature review, trend analysis, and qualitative research, it uncovers how platforms like Uber, Zomato, Fiverr, and Upwork have created both opportunities and precarity. The study addresses the macroeconomic effects of gig work on GDP, income distribution, and labour rights. It investigates whether the gig economy is a sustainable form of employment or a transitional phase in the broader evolution of capitalism. The paper engages with diverse academic perspectives to analyse structural inequalities within the gig system. Ultimately, this research contributes to ongoing debates around informalisation, digital labour, and the future of work, and offers policy recommendations aimed at balancing flexibility with protection.
digital labour, economy, labour market, structural inequalities, technology
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