Shaping the Gig Economy

This paper will examine the business model and discuss recommendations of best practices for integrating the gig economy as a solution to workforce issues, improving global economic policies, entrepreneurial growth and society. Technology, demand, and location are environmental factors that we analyzed. The positive and negative contributions that entrepreneurs have on this economy are outlined, as well. Throughout the research, the achievement of understanding what the gig economy is and how it is shaping the future is a key focus. The conclusion is made of whether the gig economy is something that is aiding in progression or if it is hindering the development of businesses already established. Past and present economic factors will be analyzed to determine how it is influential on the success or failure of the modern economy. Companies such as Etsy, AirBnB, and Uber are thoroughly analyzed to determine if the businesses are making the best return on investment. The solutions companies are providing for helping the unemployed find work are determined to be long term solutions or a temporary fix used to aid in decreasing the unemployment rate. The research conducted is supported by a series of surveys to help determine if the initiatives taken are harmful for the economy and if economic policies are required for the protection of stakeholders. In this paper, our recommendations can serve as a springboard to create work based discussions to foster alternative workforce options for the changing global economy and for the millennial workforce