Keeping The Gig Economy in Malaysia Healthy

The gig economy refers to freelance jobs offered through online platforms, providing flexible and temporary work. The gig economy in Malaysia which highlights both its initial appeal and the challenges it faces. The gig economy provides flexible and temporary work through online platforms, allowing individuals to offer services to clients in need. However, as the gig economy grew, gig workers started to demand better compensation and insurance coverage, considering themselves representatives of the platform brands. This led to strikes in both the United States and Malaysia.

To ensure a mature gig economy, the article suggests finding a balance between platform owners, regulators, and gig workers. Platform owners should provide fair compensation and respect gig workers, acknowledging their role as brand ambassadors. Regulators should avoid imposing unnecessary barriers and restrictions that hinder gig workers’ ability to participate in the gig economy freely. However, there are concerns that recent regulations, such as compulsory licenses for e-hailing and p-hailing drivers, have created barriers to entry for gig workers seeking fast cash.

To concludes, it is important to maintaining healthy competition among platforms and preventing monopolies that could negatively impact consumers. While the gig economy is here to stay, it requires a combination of traditional relationships and innovative solutions. By finding this equilibrium, where gig workers are treated fairly, regulations are balanced, and healthy competition is maintained, the gig economy can thrive and continue to provide opportunities for both workers and consumers.

Source of article: https://www.bernama.com/en/thoughts/news.php?id=2171839