How the gig economy is shaping future work

Revolut has been granted a licence by the Monetary Authority of Singapore.

The emergence of the ‘gig economy’

Today, digital platforms found at the heart of the gig economy take care of that. Gone are the days when freelancers would have to spend excruciating amounts of time building connections and professional reputations before charging their first cent. 

Indeed, most accusations levelled at the gig economy in Singapore are focused on its associated race-to-the-bottom on wages and conditions. Widely regarded as contractors rather than employees, gig workers are often paid below minimum wage, do not receive holiday or sick pay, and regularly face unfair dismissal. Indeed, most accusations levelled at the gig economy in Singapore are focused on its associated race-to-the-bottom on wages and conditions. Gig workers are often paid below minimum wage, do not receive holiday or sick pay, and regularly face unfair dismissal.

Revolut has been granted a licence by the Monetary Authority of Singapore.

The survey found that 61% of investors “agreed” or “strongly agreed” that new digital technologies “create new job opportunities” for them.