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What is the Gig Economy? The gig economy refers to a labor market characterized by short-term, flexible jobs, often facilitated by digital platforms. These jobs are typically on-demand and freelance-based, rather than traditional full-time employment. Workers in this sector include ride-hailing drivers, food delivery personnel, online tutors, graphic designers, content creators, and IT consultants. Unlike …
Read MoreWhy in the news? The World Economic Forum (WEF) Annual Meeting in Davos, Switzerland (January 20-24) brings together global leaders to discuss issues like inclusive growth, infrastructure investment, and technology democratization, with key Indian political figures attending. Overview of WEF Annual Meeting: The World Economic Forum (WEF) Annual Meeting is held from January 20-24 in …
Read MoreWhy in the news? The World Economic Forum’s report forecasts a significant shift in the global labor market by 2030, driven by technological advancements, automation, and demographic changes, with millions of jobs displaced and new skills required for future employment. About Global Workforce Transformation by 2030: The World Economic Forum report, based on data from …
Read MoreWhy in the News? The World Economic Forum (WEF) released its Future of Jobs Report 2025, predicting significant job trends by 2030. It forecasts 170 million new jobs will be created globally, while 92 million jobs will be displaced, resulting in a net addition of 78 million jobs. The report emphasizes technological advancements, demographic shifts, …
Read MoreSyllabus: GS-2: Effect of Policies & Politics of Countries on India’s Interests, Indian Diaspora. Focus: The appointment of Indian-origin Sriram Krishnan as an advisor to Donald Trump reignited debates among Trump supporters about the H-1B visa program. It has divided opinion on skilled immigration, particularly concerning its impact on U.S. workers and foreign professionals’ dominance …
Read MoreWhy in the news? India Skills Report 2025 predicts a 7% rise in graduate employability, reaching 54.81%, with management graduates leading. The report emphasizes gender disparity and industry-aligned vocational training. Rising Employability Among Indian Graduates: Employability among Indian graduates is projected to reach 54.81% in 2025, marking a 7% increase, as per the India Skills …
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