Bye nine-to-five, hi mental health struggles: the effect of the gig economy

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Does technology's gig economy offer total financial freedom or a worrying lack of stability? MetroMHAW

The way we work is changing and it’s not only because of the pandemic. There are a lot of options available to us these days. Too many, in fact. One such alternative is theEssentially, the gig economy means that workers are paid for ‘gigs’ which are short-term, temporary jobs, often referred to as freelance work, as opposed to permanent employment.

Some of the key issues which arose in the study pointed at worries about financial stability, job insecurity, and the requirement to have an online presence and network which exposed individuals to relentless opinion and criticism. Dr Alex Wood, who has been working on the study, says the gig economy can have both positive and negative consequences on our mental health.

‘Workers also want job and income security, benefits such as health insurance, and opportunities for promotion and career development that tend to be underrepresented in gig economy jobs.’Phillip Smith, a freelance editor, is fully immersed in the gig economy and says finding the right work-life balance is tough.

Source: Financial Digest (financialdigest.net)

 

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