The Gig Economy’s Impact on Law #infographic

 The Gig Economy’s Impact on Law #infographic

The gig economy is advancing rapidly. By 2027, 60% of the workforce will be self-employed contractors or professionals. The conventional workforce, in fewer words, is no longer in high demand. Gig workers are not permitted the same rights as traditional employees along these lines. Employers are not legally required to pay minimum wage to contract employees, offer workers ' compensation or unemployment benefits, health insurance, or overtime pay, among many other benefits.

In addition to the swap of the workforce from traditional to gig, the laws on employee rights are also being reshaped. In 2014, New York City threatened to ban Airbnb and finish each host as a position to lower the number of gig workers and lower the gig economy's demand. Several other municipalities have followed similar legislation-prohibiting short-term rentals, unless there is a host throughout the stay. In 2015, Arizon passed a law requiring additional insurance to be carried by Uber and Lyft drivers and adding new guidelines to follow for rideshare companies.

94 percent of employees in the United States would consider non-traditional employment. 64% of gig workers say that they prefer traditional jobs. Despite continuing to increase demand for gig work, the law continues to shift. Keep reading below for more information about the gig economy's future of law.

 The Gig Economy’s Impact on Law #infographic

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