Unleashing the power of cloud-based technology in the gig economy
The gig economy represents a labor market that relies on temporary and part-time positions filled by independent contractors and freelancers, rather than the full-time, permanent employee model. It has emerged as a powerhouse, with gig workers contributing an estimated £20 billion to the UK economy, which is predicted to hit £63.25 billion by 2026.
In the face of escalating living costs, gig workers are facing increased vulnerabilities in their pursuit of financial stability. A striking revelation from a study conducted by the University of Bristol reveals that a staggering 52 percent of UK gig economy workers earn below the minimum wage.