The Changing World of Word

. The Labour Market refers to the supply and demand for labour (workers); it is also referred to as a job market

. Changes to technology and processes have created new ways of producing/delivering goods and services

. This has affected the labour-market

. Four(4) of the major ways in which the labour market have changed recently are: Working from Home, the Gig Economy, Artificial Intelligence and Outsourcing

Working from Home

Improvements to communication technology have made working from home (sometimes known as hybrid working) easier and more common

The COVID-19 Pandemic also helped to encourage work-from-home arragments for many industries.

However, the ability to work from home still depends on the type of work a person is doing.

1 Advantage Working at Home VS Disadvantage

Advantage: Flexibility and zero commute — saves time and transport costs while allowing a more adaptable schedule to balance personal and work tasks.

Disadvantage: Blurry work-life boundaries — harder to disconnect at the end of the day, which can lead to overworking or feelings of isolation

Gig Economy: It refers to the workforce that earns an income by performing on-off “gigs” or tasks for a consumer.

1 Example of the Gig Economy:

Is Uber Eats, It fits through when someone orders food from uber eats on thier smart-phone they are participating in the “gig economy.”