The Gig Economy’s Impact on Law #infographic

The Gig Economy’s Impact on Law #infographic

The gig economy is making fast strides. By 2027, 60% of the work force will be independent contractors or practitioners. The traditional workforce is no longer in great demand, in lesser terms. Gig workers, along these lines, are not given the same privileges as conventional employees. Employers are not legally required, among many other benefits, to pay minimum wage to contract workers, provide workers' compensation or unemployment benefits, health insurance or overtime pay.

In addition to the workplace swap from conventional to gig, the legislation on employee rights is also being reshaped. New York City threatened in 2014 to ban Airbnb and end each host as a place to lower the number of gig workers and lower the demand for the gig economy. Several other jurisdictions have adopted similar legislation that bans short-term rentals, unless there is a host for the entire stay. Arizon passed a law in 2015 requiring extra insurance from Uber and Lyft drivers, and introducing strict rules for rideshare companies to follow.

Ninety-four per cent of US workers will be seeking non-traditional jobs. 64 per cent of contract staff say conventional jobs are preferred. While demand for gig work continues to increase, the law continues to change. Continue reading below for more information on the future of law in the gig economy.

The Gig Economy’s Impact on Law #infographic

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