Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | All is Not Well With India's Gig Economy -Nilanjan Banik    </title>
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The bargain between companies and their &#39;employees&#39; must become more equitable.

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                            <p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>The bargain between companies and their &#39;employees&#39; must become more equitable.</em></p><p style="text-align:justify">The continuation of the Russia-Ukraine war is raising the fear of an imminent stagflation (a combination of inflation and unemployment led by a low growth). Worldwide inflation numbers are on the rise. Most sources of data are suggesting a higher inflationary regime. In March 2022, the US, the largest economy in the world, recorded a 41-year high inflation of 8.1%. Inflation numbers for India are no different. The present day Consumer Price Index (CPI) is inching towards the 7% mark. With economic growth slowing, and the war and pandemics causing supply-side glitch, the fear of unemployment will also increase. Although organised sector employment is taking a hit the world is noticing a paradigm shift from 9-5 jobs to a newfound type of jobs which is created by the gig economy. &nbsp;</p><p style="text-align:justify">Take for instance, Kaushik Banik. He is software professional who works from home and is quite happy about it. He earns handsomely, an hourly wage rate of $35. There are millions of persons like Kaushik who cares less about war, pandemics and supply-side glitches. All they require is a computer/mobile handset that will connect them to the outside world. At a time when fewer 9-5 jobs are getting created or disrupted because of war and pandemics, the spread of gig economy is a welcome move.</p><p style="text-align:justify">There are now close to 15 million gig workers in India. Delivery boys, cleaners, consultants, bloggers, etc., are all part of the gig economy. &nbsp;These types of jobs are usually platform enabled. As the work is job-specific, workers using these platforms have the flexibility to work for more than one contractor. A food delivery guy can work for both Swiggy and Zomato, and yet can drive Uber during some other time. &nbsp;Similarly, the aggregators may provide more than one type of service. For example, Uber which is generally known as a taxi service aggregator also has Uber Eats which is a food delivery and online take out service App.&nbsp;</p><p style="text-align:justify">The platform-enabled gig economy can accommodate a large number of buyers and sellers, and there is absence of entry barriers. The gig economy has helped to reduce information asymmetry associated with job search costs. In India, for example, before the advent of the digital world, job seekers regularly waited in line  sometimes all day  to register at the national employment exchanges for their job search.</p><p style="text-align:justify">Managers are also happy to recruit in a gig economy. As gig economy usually operates on the basis of &lsquo;standardized&rsquo; outcomes. As the job performed is outcome-based, the risks associated with moral hazard or asymmetric information are mitigated. The rating systems on platforms for task-based services also ensure that only the most standardized and efficient suppliers get rewarded in the long-run.</p><p style="text-align:justify">Please <a href="https://thewire.in/economy/all-is-not-well-with-indias-gig-economy" title="https://thewire.in/economy/all-is-not-well-with-indias-gig-economy">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://thewire.in/economy/all-is-not-well-with-indias-gig-economy" class="re" target="_blank">TheWire.in, 9 May, 2022, https://thewire.in/economy/all-is-not-well-with-indias-gig-economy</a><div class="clear"></div>
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                            <p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>The bargain between companies and their &#39;employees&#39; must become more equitable.</em></p><p style="text-align:justify">The continuation of the Russia-Ukraine war is raising the fear of an imminent stagflation (a combination of inflation and unemployment led by a low growth). Worldwide inflation numbers are on the rise. Most sources of data are suggesting a higher inflationary regime. In March 2022, the US, the largest economy in the world, recorded a 41-year high inflation of 8.1%. Inflation numbers for India are no different. The present day Consumer Price Index (CPI) is inching towards the 7% mark. With economic growth slowing, and the war and pandemics causing supply-side glitch, the fear of unemployment will also increase. Although organised sector employment is taking a hit the world is noticing a paradigm shift from 9-5 jobs to a newfound type of jobs which is created by the gig economy. &nbsp;</p><p style="text-align:justify">Take for instance, Kaushik Banik. He is software professional who works from home and is quite happy about it. He earns handsomely, an hourly wage rate of $35. There are millions of persons like Kaushik who cares less about war, pandemics and supply-side glitches. All they require is a computer/mobile handset that will connect them to the outside world. At a time when fewer 9-5 jobs are getting created or disrupted because of war and pandemics, the spread of gig economy is a welcome move.</p><p style="text-align:justify">There are now close to 15 million gig workers in India. Delivery boys, cleaners, consultants, bloggers, etc., are all part of the gig economy. &nbsp;These types of jobs are usually platform enabled. As the work is job-specific, workers using these platforms have the flexibility to work for more than one contractor. A food delivery guy can work for both Swiggy and Zomato, and yet can drive Uber during some other time. &nbsp;Similarly, the aggregators may provide more than one type of service. For example, Uber which is generally known as a taxi service aggregator also has Uber Eats which is a food delivery and online take out service App.&nbsp;</p><p style="text-align:justify">The platform-enabled gig economy can accommodate a large number of buyers and sellers, and there is absence of entry barriers. The gig economy has helped to reduce information asymmetry associated with job search costs. In India, for example, before the advent of the digital world, job seekers regularly waited in line  sometimes all day  to register at the national employment exchanges for their job search.</p><p style="text-align:justify">Managers are also happy to recruit in a gig economy. As gig economy usually operates on the basis of &lsquo;standardized&rsquo; outcomes. As the job performed is outcome-based, the risks associated with moral hazard or asymmetric information are mitigated. The rating systems on platforms for task-based services also ensure that only the most standardized and efficient suppliers get rewarded in the long-run.</p><p style="text-align:justify">Please <a href="https://thewire.in/economy/all-is-not-well-with-indias-gig-economy" title="https://thewire.in/economy/all-is-not-well-with-indias-gig-economy">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://thewire.in/economy/all-is-not-well-with-indias-gig-economy" class="re" target="_blank">TheWire.in, 9 May, 2022, https://thewire.in/economy/all-is-not-well-with-indias-gig-economy</a><div class="clear"></div>
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The bargain between companies and their &#39;employees&#39; must become more equitable.

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    <h1 class="cat-box-title">All is Not Well With India's Gig Economy -Nilanjan Banik</h1>
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                            <p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>The bargain between companies and their &#39;employees&#39; must become more equitable.</em></p><p style="text-align:justify">The continuation of the Russia-Ukraine war is raising the fear of an imminent stagflation (a combination of inflation and unemployment led by a low growth). Worldwide inflation numbers are on the rise. Most sources of data are suggesting a higher inflationary regime. In March 2022, the US, the largest economy in the world, recorded a 41-year high inflation of 8.1%. Inflation numbers for India are no different. The present day Consumer Price Index (CPI) is inching towards the 7% mark. With economic growth slowing, and the war and pandemics causing supply-side glitch, the fear of unemployment will also increase. Although organised sector employment is taking a hit the world is noticing a paradigm shift from 9-5 jobs to a newfound type of jobs which is created by the gig economy. &nbsp;</p><p style="text-align:justify">Take for instance, Kaushik Banik. He is software professional who works from home and is quite happy about it. He earns handsomely, an hourly wage rate of $35. There are millions of persons like Kaushik who cares less about war, pandemics and supply-side glitches. All they require is a computer/mobile handset that will connect them to the outside world. At a time when fewer 9-5 jobs are getting created or disrupted because of war and pandemics, the spread of gig economy is a welcome move.</p><p style="text-align:justify">There are now close to 15 million gig workers in India. Delivery boys, cleaners, consultants, bloggers, etc., are all part of the gig economy. &nbsp;These types of jobs are usually platform enabled. As the work is job-specific, workers using these platforms have the flexibility to work for more than one contractor. A food delivery guy can work for both Swiggy and Zomato, and yet can drive Uber during some other time. &nbsp;Similarly, the aggregators may provide more than one type of service. For example, Uber which is generally known as a taxi service aggregator also has Uber Eats which is a food delivery and online take out service App.&nbsp;</p><p style="text-align:justify">The platform-enabled gig economy can accommodate a large number of buyers and sellers, and there is absence of entry barriers. The gig economy has helped to reduce information asymmetry associated with job search costs. In India, for example, before the advent of the digital world, job seekers regularly waited in line  sometimes all day  to register at the national employment exchanges for their job search.</p><p style="text-align:justify">Managers are also happy to recruit in a gig economy. As gig economy usually operates on the basis of &lsquo;standardized&rsquo; outcomes. As the job performed is outcome-based, the risks associated with moral hazard or asymmetric information are mitigated. The rating systems on platforms for task-based services also ensure that only the most standardized and efficient suppliers get rewarded in the long-run.</p><p style="text-align:justify">Please <a href="https://thewire.in/economy/all-is-not-well-with-indias-gig-economy" title="https://thewire.in/economy/all-is-not-well-with-indias-gig-economy">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://thewire.in/economy/all-is-not-well-with-indias-gig-economy" class="re" target="_blank">TheWire.in, 9 May, 2022, https://thewire.in/economy/all-is-not-well-with-indias-gig-economy</a><div class="clear"></div>
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All is Not Well With India's Gig Economy -Nilanjan Banik

Published on May 9, 2022   Modified on May 11, 2022

-TheWire.in The bargain between companies and their 'employees' must become more equitable. The continuation of the Russia-Ukraine war is raising the fear of an imminent stagflation (a combination of inflation and unemployment led by a low growth). Worldwide inflation numbers are on the rise. Most sources of data are suggesting a higher inflationary regime. In March 2022, the US, the largest economy in the world, recorded a 41-year high inflation of 8.1%. Inflation numbers for India are no different. The present day Consumer Price Index (CPI) is inching towards the 7% mark. With economic growth slowing, and the war and pandemics causing supply-side glitch, the fear of unemployment will also increase. Although organised sector employment is taking a hit the world is noticing a paradigm shift from 9-5 jobs to a newfound type of jobs which is created by the gig economy.   Take for instance, Kaushik Banik. He is software professional who works from home and is quite happy about it. He earns handsomely, an hourly wage rate of $35. There are millions of persons like Kaushik who cares less about war, pandemics and supply-side glitches. All they require is a computer/mobile handset that will connect them to the outside world. At a time when fewer 9-5 jobs are getting created or disrupted because of war and pandemics, the spread of gig economy is a welcome move. There are now close to 15 million gig workers in India. Delivery boys, cleaners, consultants, bloggers, etc., are all part of the gig economy.  These types of jobs are usually platform enabled. As the work is job-specific, workers using these platforms have the flexibility to work for more than one contractor. A food delivery guy can work for both Swiggy and Zomato, and yet can drive Uber during some other time.  Similarly, the aggregators may provide more than one type of service. For example, Uber which is generally known as a taxi service aggregator also has Uber Eats which is a food delivery and online take out service App.  The platform-enabled gig economy can accommodate a large number of buyers and sellers, and there is absence of entry barriers. The gig economy has helped to reduce information asymmetry associated with job search costs. In India, for example, before the advent of the digital world, job seekers regularly waited in line sometimes all day to register at the national employment exchanges for their job search. Managers are also happy to recruit in a gig economy. As gig economy usually operates on the basis of ‘standardized’ outcomes. As the job performed is outcome-based, the risks associated with moral hazard or asymmetric information are mitigated. The rating systems on platforms for task-based services also ensure that only the most standardized and efficient suppliers get rewarded in the long-run. Please click here to read more.

TheWire.in, 9 May, 2022, https://thewire.in/economy/all-is-not-well-with-indias-gig-economy

Tagged with: Gig Workers Gig Worker Platform Workers Platform Economy Labour Rights

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