Arthanomics Vittarth

GIG ECONOMY

Arthanomics_101

Gig economy is a free market system where organizations hire independent workers or freelancers on a contractual basis for short-term engagements.
The Code on Social Security defines a platform worker on the basis of vulnerability and not by their labour and vulnerabilities of platform work.

With the introduction of Code on Social Security, 2020, platform workers are eligible for certain benefits like maternity leaves, life and disability cover, old age protection, provident fund, and more.

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Credits- Shubham Prakash and Siddharth Mishra

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