A new World Bank report reveals that online gig work is increasing globally, particularly in developing countries, providing crucial employment opportunities for women and young people. The report estimates up to 435 million global online gig workers, with a 41% increase in demand between 2016 and early 2023. However, concerns about the lack of job security and social protections in the gig economy are raised.
The report emphasizes the importance of developing good jobs with basic labor standards and social safety nets. The study also highlights the low social insurance coverage among gig workers worldwide and the lack of retirement savings. While acknowledging the exploitative nature of online gig work, experts argue that the limited options available make it a better alternative for many workers in developing nations.