Question

Participating in the gig economy often means working for a company as a part-time worker with no guarantee the job will last. Why would someone do it?

a) To secure long-term employment.
b) To enjoy job security and benefits.
c) For flexible work arrangements.
d) To avoid any commitment to work.

Answer 1

Someone might participate in the gig economy for flexible work arrangements, leveraging it as a way to achieve work-life balance, engage in side hustles, or as a step towards securing more stable employment.

Step-by-step explanation:

Participating in the gig economy is often characterized by temporary, flexible jobs and companies hiring independent contractors and freelancers instead of full-time employees. While it may not provide job security and benefits, it offers flexible work arrangements. This flexibility can be particularly appealing to those who need or prefer a work-life balance tailored to their personal circumstances, such as students, parents, or retirees. It also serves those who are in between jobs or pursuing entrepreneurship and side hustles to gain additional income streams or experience in various fields. This business model is increasingly used by those who might be leveraging temp agencies as a stepping stone towards more permanent employment or seeking to express their entrepreneurial spirit alongside a traditional job.