Rise of the Gig Workers

The Covid-19 pandemic’s disruption of the labour market has been a strong driver of the growth of the gig economy, where companies typically engage workers on short-term (for example, hourly or per-delivery) contracts. In 2021, the global gig economy was estimated to be worth US$347 billion, and is expected to grow at over 17% a year to reach US$455 billion in 2023.

However, this mode of employment is notorious for its lack of regulations and protection for gig workers. Some organisations may take advantage of lax labour laws to offer low wages for long hours and few, if any, benefits. Gig workers are fighting back, pressuring for better working conditions.

How can governments regulate the gig economy and protect gig workers?

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Marie Teo
Manager, Group Marketing Communications
Spire Research and Consulting
Phone: (65) 6838 5355
E-mail: marie.teo@spireresearch.com