- India’s gig economy is increasingly attracting young people between the ages of 16 and 23.
- Teenagers, between the age group of 16 to 18, showed a massive growth of 750% in terms of willingness to opt for
gig jobsrevealed taskmoreport.
- However, odd jobs are nowhere enough for a worker to survive and support a family.
India’s booming gig economy is now attracting India’s youngest employable people, according to a report.
According to a report by gig marketplace Taskmo, the gig economy has largely attracted young people between the ages of 16 and 23. More than 40% of the 7.50,000 workers registered on the Taskmo platform belong to this age group and it has increased eightfold in 2022 compared to 2019.
“While the gig concept is widely accepted, there is an increase in participation from young people, who prefer to take gig work positions. Younger generations are also more open to exploring varied opportunities. is good that they don’t want to limit themselves to work that has limits,” said
Teenagers are the most enthusiastic, as those between 16 and 18 have shown a massive 750% growth in willingness to opt for in-demand jobs.
Odd jobs allow young people to earn pocket money, without tying them to strict schedules.
Covid job losses and gigs
But, it is not only young people who take concerts. The Covid-19 pandemic opened the floodgates for gig workers, as people relied heavily on them for door-to-door delivery of necessities. Many of them have joined the gig economy out of desperation as the pandemic cut many full-time jobs.
“Although the gig economy offers many attractive benefits, many full-time employees had to join the sector reluctantly out of necessity at the onset of Covid-19,” the report said.
India’s unemployment rate for July fell to its lowest level in six months at 6.8%; but this is mainly due to the increase in agricultural activities, according to data from the CMIE.
Urban unemployment in India rose from 7.8% in June to 8.2% in July, showing the need for full-time jobs offering health insurance and other benefits, in addition to a steady salary.
Extra expenses and low salary
According to a
Anand Mahindra, the Chairman of the Mahindra Group, also spoke about the need to create job opportunities and full-time careers during his Annual General Meeting or AGM speech on August 5.
“In the private sector, job creation is mostly happening at the bottom of the gig economy – drivers for Uber, delivery for Zomato, that sort of thing. It’s not enough. To create jobs at large scale and take advantage of the global factors that are moving in our favor, we need to drive manufacturing,” Mahindra said.
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