When you don't have a car and need to get around, are you more likely to call for an Uber or Lyft, or a cab? Last Friday, Lyft—the ride-sharing company, went public as its stocks (股票) started trading on the market. Lyft has become the first big initial public offering of the "gig economy" age. While the company is not making profits yet, it is changing the meaning of work. What is gig economy and what makes it so appealing?
Gig works are independent contracts or part-time jobs such as Uber. In the gig economy, companies hire independent contractors instead of full-time employees. This is different from traditional companies where full-time workers hold a lifetime career. In the past, only small companies hired contractors, while today, employers like Amazon and Google rely on temporary workforce. These companies save costs as they are not legally required to provide healthcare benefits, retirement savings or paid time off to gig workers.
Gig work appeals to different people for different reasons. For some, it affords flexible timings and for others who are looking for full-time jobs, it provides a source of income to support themselves. Some people work a full-time job and supplement (补充) their salary with gig jobs such as driving for Uber or Lyft.
Joining the gig economy may be simple, but maintaining a steady career is easier said than done. Gig work comes with unsteady pay and workloads. You're your own boss. It sounds fun, but when you have no self-control and an unsteady job, you might splurge all your money the first week and live on bread pieces for the rest of the month! Besides a strong sense of responsibility, gig workers have to stay up to date to get companies to hire them.
Despite the challenges gig workers face, nearly 60 million Americans are part of this workforce. As this number grows, we have to see how society and companies adapt to this new world of work!
