Portable Benefits in the Gig Economy: Understanding the Nuances of the Gig Economy
Written By: Justin Azar
A subset of the growing contingent workforce, called the gig economy, has been afforded tremendous growth in the last ten years because of advances in automation and technology. The gig economy provides great benefits for both consumer and worker, but a lack of sophisticated regulation in the gig economy has resulted in a failure to provide gig workers with an adequate safety net, threatening the viability of the gig economy as a whole. The saving grace of the gig economy can and very well may be the implementation of portable benefits. Through experimentation and a reexamination of age-old labor laws, policymakers can implement viable and practical portable benefits that fully consider the nuances and diversity of interests in the gig economy. This Note presents a general background on the strengths and weaknesses of the gig economy as well as solutions to the problems of the gig economy and ways to refine those solutions.
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