Gig economy accounts for 12pc global labour market

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Gig economy accounts for 12pc global labour market
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WASHINGTON: The gig economy accounts for up to 12 percent of the global labour market - much higher than previously estimated - and holds particular promise for women and youth in developing countries.

Demand for online gig work is growing rapidly, however, social protections for workers in this segment are still lacking, according to Emirates news agency , citing a new World Bank report.While developed countries currently dominate the demand for gig workers, the report, “Working Without Borders: The Promise and Peril of Online Gig Work”, found that the demand in developing countries is growing at a much faster rate.

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