The gig economy from the freelancer’s perspective: The risk of precarianization

Abstract

Purpose The article, based on an empirical study and analysis of scientific literature, aims to present definitions of the concepts of “gig economy” and “precarianization”, showing the specific nature of flexible forms of employment and financial uncertainty. Then, by conducting a survey among freelancers (giggers), it aims to understand the perspective of this form of employment in terms of financial stability. The aim of this article is to show that respondents fear the risk of precarity in connection with performing professional activities as freelancers. Methodology The considerations in this article are based on a literature analysis and the author’s own research (an online survey of a group of 160 freelancers). Practical implications/Originality/Value The empirical research conducted showed how this problem may manifest itself in the lives of individuals in the context of precarianization. Uncertainty about expected income, lack of stable employment, and limited access to social benefits are the main aspects of precarianization. People affected by this phenomenon may experience constant financial uncertainty, which negatively affects their life quality and sense of stability. The results of this analysis have important practical applications, especially for self-employed people, i.e., gig workers. They allow understanding of the specificity of job insecurity and provide information that may be useful in developing strategies to cope with this challenge.