THE ECONOMICS OF GIG WORK: ANALYSING LABOUR MARKET FLEXIBILITY, WAGE VOLATILITY, AND EMPLOYMENT SECURITY

The gig economy has reshaped labour markets by introducing flexible, platform-based work arrangements. This study examines labour market flexibility, wage volatility, and employment security through a secondary analysis of existing literature. The findings indicate that while gig work offers time flexibility and ease of entry, it is associated with income instability and limited job security. Earnings are highly variable due to demand fluctuations and platform controlled mechanisms, while the absence of formal protections increases worker vulnerability. The study highlights a trade-off between flexibility and stability and emphasises the need for policies that enhance social protection and ensure fair working conditions in the evolving labour market.