The exploitation of the gig economy in India

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An emerging trend, yet not many know of the emerging term. A labour market where work is done through freelancers and contracts is termed as “Gig Economy”. This definition is in contrast with permanent jobs. Short-term engagements between organizations and employees are assigned a slang word called ‘gig’. The gig economy comprises part-time workers, freelancers, independent contractors, contract workers, and project-based workers. Additionally, there is a new entrant in the gig economy in India, namely internships. The gig economy has become popular in the United States. It has been projected by Intuit that by 2020 over 40% of Americans would be working independently on a contract basis. India is not far behind, it ranks 2nd in the global freelance workforce after the United States. The gig economy is soon to takeover a large labour market.The rise of the gig economy is mainly due to the following reasons: there is a persistent competition in the labour market due to digitization, mobile and portable work, the millennial generation, changing lifestyles, work-life balance, and the notion of “India is a cheap labour market”. At an average the minimum wages for Indian freelancers is Rs. 10,500 per month. As opposed to China’s freelancers which stands …

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