A viral video showcasing a Bengaluru-based Uber bike rider’s impressive monthly earnings of ₹80,000-₹85,000 has sparked a nationwide conversation about the gig economy in India. This article delves into the rider’s story, explores the realities of income in the bike taxi sector, and examines the broader implications of this increasingly popular employment model.
The global B2B2C insurance market is projected to experience significant growth, driven by factors like the gig economy, evolving risk perceptions, and changing lifestyles. Key players like Allianz, AXA, and Zurich Insurance Group are leading the industry, with emerging contenders like Prudential and MetLife disrupting the market with innovative B2B2C insurance models.
EPWK Holdings Inc., a Chinese crowdsourcing platform for small and medium-sized businesses, is raising its IPO fundraising target by about a third, reflecting a surge in demand for gig workers in China. The company is positioned to benefit from the growing gig economy and its potential to reach $656 million in revenue by 2025.
Kapil Sharma’s latest film, ‘Zwigato’, has taken the digital world by storm after its recent release on Amazon Prime Video. Audiences are praising the comedian-actor’s performance, the thought-provoking story, and Nandita Das’s masterful direction, calling it a ‘must-watch’ film that explores the struggles of gig workers in a compelling and heartwarming way.
ShiftPixy Inc.’s (PIXY) stock price jumped over 11% on Wednesday after the company announced plans to acquire TurboScale, an AI technology and scalable GPU cloud infrastructure specialist. The deal, valued at $150 million, is expected to enhance ShiftPixy’s platform capabilities and drive innovation in the Gig Economy through AI. This article explores the acquisition details, potential benefits, and how investors can participate in the market for ShiftPixy stock.
Fetch, a leading offsite package management solution for apartment communities, has partnered with Stride, a pioneer in portable benefits technology, to provide Fetch delivery partners with access to essential financial and insurance tools. This partnership aims to support the well-being of independent workers and simplify the complexities of independent work.
Quhuo’s homestay division, Chengtu Home, has unveiled a new booking platform featuring six distinct room types, aiming to elevate the homestay experience and drive industry standardization.
The tragic death of a 55-year-old food delivery driver in Hangzhou, China, has sparked outrage and concern about the grueling working conditions faced by gig workers. Yuan, known as the ‘Order King’ for his dedication, often worked 18-hour shifts, earning a meager living despite the risks and exhaustion. His death is a stark reminder of the precarious nature of gig work and the need for better protections for these essential workers.
As the cost of living in the U.S. continues to rise, more Americans are taking on multiple jobs to make ends meet. The percentage of people holding more than one job has increased to 5.3% in July, driven by inflation and the rise of remote work opportunities. Despite a strong job market, many individuals are struggling with higher prices for essentials like rent and insurance.
Karnataka’s new bill aims to provide social security for gig workers but fails to address the core issue of employment relations, leaving workers vulnerable to exploitation. The bill mirrors Rajasthan’s legislation, both relying on a welfare board model that overlooks the employer-employee relationship prevalent in the gig economy. Experts argue that recognizing employment relations is crucial for protecting gig workers’ rights to minimum wages, safe working conditions, and other labor protections.
