Gigwork is sought after among young people today
False. According to a jobmarket report published in 2019 by MUCF, youth value a secure emplyoment most of all, while flexibility is valued the least. This tells us that the reason young people look for jobs within the gig economy is that they can’t find any secure employment, rather than youth preferring it.
Gigwork is flexible
Partially false. You can choose your own work hours in a way that’s different from a full time job, but during a day when there are few jobs available you will have to be ready to take whatever task becomes available. Not knowing how much you’ll be able to work in the coming week means that you can’t plan your free time. The consequence of this is that every day must be adapted to allow going working at any time.
Gig companies can’t offer proper wages/working conditions because they are small startups without any resources
False. The vast majority of companies within the gig economy have a lot of capital behind them, at the same time it can be difficult to parse it out in the entanglements of various business relationships. Foodora is, at the end of the line, owned by the swedish Kinnevik, while Yepstr has huge connections to the Stena group, and Voi manages to get by through heavy investment by the oil- and gas industries through the investment company Vostok New Ventures.
Gig companies outcompete the old economy because of its efficiency
False. The majority of gig companies nets big losses year after year and is in the market still only because of big investments from different investment companies. The reason why a company like Uber can afford to have such low prices in comparison to a traditional taxi company is not that they’re more effective, instead it’s because they can afford netting big losses since this is covered by the investments.