Health of a community: The Gig Economy

in BDCommunity3 years ago (edited)

Health of a community

Lately the world is going through a difficult time. Its been 8 months of a global pandemic. The city I live in has been throughly affected. Most offices remains 'remote', most schools remains closed, most entertainment activities remain suspended. That is probably the case in most parts of the world including for most people in this community. I observed two specific things during this time of isolation.

  1. Our personal time increased, meaning, probably our time with a phone or a computer
  2. Lots of things which were secondary earlier, now become primary

Let me explain the second point, because the first point requires no explanation. I always worry trying to explain thing though because I have learned:

If you can't understand it without an explanation, you can't understand it with an explanation...... Haruki Murakami, 1Q84

Yeah, that's a great book.

Sorry, getting back to it. Here in town, I know a lot of people who had a secondary passion. I know a guy from Morocco, who is a school teacher, but love to teach Tennis to kids on the side, for a little money. I know during this time, he was eager to get into more Tennis lessons. Although it has been difficult, as parents are uncofortable to let kids into sports during this time. But Tennis is a low contact sport, so it's a bit better.

I know a co-worker, who loves to trade. Mostly short-term trade in the US stock market. He is trading more and trying to be successful and consistent.

I know another co-worker, who love to buy, rennovate, and sale a house. Its called 'flipping'. He used to flip, may be one or two houses a year. Last 8 months he has flipped 6. Now as a business, it is not much, because more professional (even 1 man army) flippers flip 10-12 houses a year. But it is a great start from my friend.

Point is people are finding that leaning on their existing conventional source of income is not enough or safe. People want back-up plan, an alternate source of income. I think this is the 'gig economy', in Bengali it is called 'khep'. I think the new world is the 'gig economy' basically all over the world. I think surviving and perhaps thriving in the 'gig economy' is mandatory for the health of a community.

Gig Economy

A gig economy is a free market system in which temporary positions are common and organizations hire independent workers for short-term commitments. The term "gig" is a slang word for a job that lasts a specified period of time; it is typically used by musicians. Examples of gig employees in the workforce could include freelancers, independent contractors, project-based workers and temporary or part-time hires.

Many here are more familiar with the term than myself. I am passed the optimal age to get really sucked into it. However, I am a big suppoter of the gig economy. I personally do not feel that the people should do 8-5 full time job (although I do, but rarely full time for multiple years now). People should be able to control their personal time. People should be able to decide, when they want to work, and when they don't. Quality of life doesn't have to be judged on Money, at least not all the time. May be it can be judged on happiness.

150appsgigeconomy1.jpg

Source

That infographic above is a bit dated, but I still like it. The word infographic is itself a word of the gig economy. As 10 years back, I think the concept perhaps existed, but the word wasn't, at least it was not this commonplace. The info-graphic is mostly for the United States, but it is quite relevant in the rest of the world as well. It starts with ride-sharing, goes through, dog-sitting and baby-sitting, to BLOG (wink, wink!!), to Art-Crafting to Video work. All along the way, "there is an app for that"!

So what you think? Is stead of me saying many other things.... why don't you tell me what kind of gigs you guys are running?.... please in the comment write real experiences, I am sure it will be fun!

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 3 years ago (edited) 

Screenshot_2020-10-24-03-14-23-93_ad81d25dc5266e3d14f1ba4e6f1feb22.jpg

This is where i left of the last time i picked up the book! It has become a very very slow read but i like to savor and nibble on my Faluda:p

For the gig part, the last kid i tutored was big on astrophysics and all that. Used to bug me to tell her stories about what a Pulser was like and what mass did it need for a star to become a black hole when its collapses. Its been 1 year 7 months since and i immensly regret not teaching the kid anymore so so much! Because of how much she reminded me of myself at that age.

I dont know anything about gig culture dada, finance wise. But what i know is getting to meet new people is never not fun. The example is bare naked infront of us:) and im loving every second of it!!!

Of course, you are doing gig economy :)

I tutor kids myself a bit, no too much, but I did, perhaps when I was younger than you. Then as as graduate student in the US I have taught many classes as a teaching assistant. Then as a faculty and as an independent contractor.

Interesting dada, I never looked at or consciously thought about tutoring and being a teaching assistant as a "gig" and yet I have been doing these as early as I graduated grade 12. We used to call it part-time "job," but they are essentially the same thing with two different names..?

Private tutoring is gig; teaching as a faculty is not. Teaching assistant is perhaps somewhat in the middle..

I'm like you, have a full time job and employed but I also try and post here and share my music and travel (not so much recently) as the "secondary" thing. I have really learnt a lot about the importance of having some back up if the primary income doesn't stay and generating a 2nd side income.

Have found the opportunities presented here and in the cryptocurrency industry really enlightening and it's expanded my horizons although I still prefer the safety net of having the job I have vs not knowing where the next gig might come from - a situation I've been in before.

Thanks for sharing. I think there are a lot of us that way.

I'm a copywriter myself and have managed to get my freelancing business to the point where I'm not looking to go back to a traditional 9-5 right now.

The shutdowns surrounding Covid have really highlighted the gig economy and everything has changed. The possibilities are there for anyone to take advantage right now.

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That's sounds great. With the addition of trading, I say you are going good. Thanks for the comment:)

Hi @azircon, your post has been upvoted by @bdcommunity courtesy of @linco!


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