Side Hustles and the Gig Economy - Career Development

The video discusses the gig economy, where individuals engage in side hustles or gigs alongside their primary jobs. It highlights the shift towards making gig work a primary income source and its significance in career development. Gig workers are legally considered independent contractors, and platforms like Upwork and Uber facilitate such work. The video explores the benefits of gig work, such as flexibility and skill-building, and its downsides, like lack of employment benefits. It emphasizes the growing role of gig work in career paths and resumes.

What is a key characteristic of the gig economy?

• It involves full-time employment with benefits.

• It requires a college degree.

• It is primarily about long-term career stability.

• It includes secondary activities or side hustles.

How are individuals engaged in gig work typically classified?

• As full-time employees

• As independent contractors

• As temporary workers

• As volunteers

Which platform is commonly associated with gig work?

• Indeed

• Glassdoor

• LinkedIn

• Upwork

What is one benefit of participating in the gig economy?

• High job security

• Mandatory retirement plans

• Guaranteed health benefits

• Flexible working hours

What is a potential downside of gig work?

• High initial investment

• Inflexible work schedule

• Lack of employment benefits

• Limited networking opportunities