gig economy and trade unions

Question 1

What is the gig economy, and some examples per say

Answer 1

A labour marker in which individuals work under a short term contract or freelance work. e.g. uber, digitial marketing, software dev

Question 2

What is a trade union? Give examples.

Answer 2

A trade union is an organised association of workers formed to protect and further their rights and interests. e.g. NSW nurses and midwives association, transport workers union

Question 3

What are the advantages and disadvantages of a gig economy

Answer 3

• can be side hustle, so extra income on top of your other job
• very flexible
• minimizes employers costs
  -lack of benefits and job security
  -instable income

Question 4

What are the advantages and disadvantages of a trade union

Answer 4

• bargain for better outcomes
• legal representation
  -improves workplace
  -more responsibilities
  -resistance from employers
  -declining membership