Traditional vs. New-Age Social Security

Traditional vs. New-Age Social Security
Traditional social security systems generally cover full-time employees, providing them with benefits like healthcare, insurance, and pensions. Gig workers, however, operate in a different model, often defined by contract-based or temporary work, which doesn’t fit the conventional security framework. This new model, while increasing income options, raises issues in providing social protections.
Globally, countries are exploring innovative ways to offer gig workers security without restricting their flexibility. For example, the EU is testing “portable” benefits that workers carry across platforms, addressing the multi-app working style common among gig workers.