The Gig Economy and its Implications for the Labor Markets

Bryan G. Alquijay Noguera

College: College of Business and Public Management

Major: BS.MANAGEMNT-ENTRSHP

Faculty Research Mentor: Meng, Chen

Abstract:

"The gig economy, characterized by short-term and flexible work arrangements facilitated by digital platforms such as Uber, DoorDash, and Upwork, has significantly reshaped modern labor markets. This project examines the economic implications of gig work by analyzing both its benefits and its challenges for workers and employers. While gig platforms offer flexibility and lower barriers to employment—particularly for students, caregivers, and individuals seeking supplemental income—they also raise concerns regarding job security, income stability, and access to labor protections.This study focuses on how the growth of gig work affects labor market structure and worker welfare. Drawing on concepts from labor economics, the research explores issues such as the classification of gig workers as independent contractors, the absence of traditional employment benefits, and the potential long-term effects on full-time employment and job stability. The project also considers policy debates surrounding labor protections, portable benefits, and the balance between flexibility and security in nontraditional employment arrangements.Overall, this research aims to provide a clearer understanding of the trade-offs associated with the gig economy and to contribute to discussions about the future of work and labor market regulation."