1.nature of employment is temporary and unpredictable -precarious employment
2.the absence of temporicity of work
3.millennial phenomenon ( postmodernism and individuation )
4.rise of portfolio workers( mixture of both job seeker and entrepreneurship )
5.absence of social security ( provident fund , medical benefits etc )
6.atomization of work ( the replacement of long term, full time work with benefits and a career path, with occasional , short term contracts gigs without benefits or any escalating career structure )
7.lack of unionization ( gig workers lack bargaining power )
8.identity crisis ( most of them are freelancers hence do not get much recognition )
9.rise of risk society ( as said by Ulrich Beck - modern society instead of reducing risks to its populace it is increasing it )
10.natural corollary of globalisation ( borderless connectivity through improved telecommunications and rise of digitization )
11.it also shows the rise of post industrial state
12.it is phenomenon of informalization of formal economy
While the gig economy may seem liberating to many. The fundamental truth about it is that there is huge risk asymmetry the very way we run our governance systems and economies, from labour regulations to social security will need to change ( Cultural lag )
