Final answer:
Hiring gig workers provides companies with a diverse skill set, on-demand workforce, and greater flexibility, which helps in quickly responding to market demands and reducing unemployment rates.
Step-by-step explanation:
The advantages a company gains from hiring gig workers are numerous. Among the most significant is the ability to access a diverse skill set and an on-demand workforce, which provides companies with greater operational flexibility. This setup enables businesses to respond swiftly to market demands and scale their workforce up or down as needed without committing to the long-term costs associated with permanent employees. Moreover, the rise of the temporary worker industry has been linked to a reduction in the natural rate of unemployment, as it offers a pathway for workers to find permanent roles and serves as a clearinghouse for job opportunities. Finally, from an entrepreneurial perspective, gig work can represent a form of employment that allows for creativity and personal fulfillment, diversifying income streams and contributing to an individual's overall career satisfaction.