Including a special reference to the
implication of the COVID 19 pandemic
on the gig economy
The gig economy has introduced to the world a new form of employment - employment through online labor market (OLM) platforms.
Such platforms enabled the creation of job opportunities never before realized by reducing the job market frictions, enabling not geographically dependent employment, and reducing search costs. Moreover, the platforms enabled employees to increase their income by combining traditional workplace employment with OLM platform employment.
OLMs are defined as markets in which labor is exchanged for money, the product of the labor is delivered “over a wire”, and the allocation of labor and money is determined by a collection of buyers and sellers operating within a price system.
While these platforms have created massive benefits for freelancers and customers, it cannot be ignored that they have severely impacted workers’ rights