February 27, 2020

Gig economy leaves some workers on the fringes, says think tank - City A.M.

The gig economy offers flexibility and freedom for some but it has left some workers on the fringes, according to new research.

A new report by technology think tank Doteveryone shows that gig work strips some workers of financial security and dignity in their work. 

Read more: Uber Works app pairs gig economy workers with employers

It has urged a rethink of the gig economy to create ideas for new social safety nets. It also calls for a legal obligation on gig platforms to pay a Minimum Gig Wage to account for the unavoidable costs of doing gig work. 

Martha Lane Fox, executive chair and founder, said: “We have seen many gains as a society and as consumers from the fantastic pace of technological change and the flexible and independent nature of work today. But… there are many perils. We underestimate them at our very grave risk.”

The think tank suggests digital platforms provide greater transparency to show workers how their earnings and costs fluctuate.

One in ten Britons takes a job via a digital platform and the report shows that the app has become a trap.

The Better Work in the Gig Economy report spoke to gig workers who described the work “like quicksand.” People have “no option but to work gigs, and no way out once they’ve begun”.

Read more: Is Uber Works good news for gig economy workers?

Catherine Miller, interim chief executive of Doteveryone, said: “The platform economy enables flexible work but not everyone benefits equally. The recommendations set out in this report can happen immediately and show that, in shaping the future of work, technology can and should be used responsibly to create a fair, inclusive and sustainable democratic society.” 

Sho Sugihara, chief executive of Portify said: “We hope this research acts as a catalyst for wider discussion and change.” Portify is a fintech startup that offers an app and financial products to help gig economy workers. 

Get the news as it happens by following City A.M. on Twitter

Rate this item
(0 votes)

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Latest Tweets

Legislature acted correctly in repealing blue law | Editorial - Bismarck Tribune - Legislature acted correctly in r… https://t.co/PPeVkScFZr
OUS employee receives achievement award | Ohio News - Huntington Herald Dispatch - OUS employee receives achievemen… https://t.co/Eug8IHDR0N
Mt. Gox Trustee: Creditors Will Soon Receive Decisions Over Rehabilitation Claims - Cointelegraph - Mt. Gox Trustee… https://t.co/PhRPVYYgOI
Follow WDTNN on Twitter