Syed Saddiq listening intently as riders explain their concerns about Foodpanda’s new remuneration scheme.
THE gig economy is capitalism at its most brutal. Everybody wants to create the next “unicorn” – disrupting conventional businesses on a global scale like Airbnb and Netflix.
However, potential champions often end up like WeWork, whose botched initial public offering (IPO) in August saw its putative valuation plummet 75% from US$40bil to US$10bil and its long-haired, pot-smoking founder, Adam Neumann leave in disgrace. According to recent media reports, the perennially money-losing concern could now be facing a cash-crunch.
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Syed Saddiq listening intently as riders explain their concerns about Foodpanda’s new remuneration scheme.
All about the money: It would be unwise for the region’s youth to try to make a long term career in the gig economy with its ever-changing job conditions – especially as drones become more sophisticated and reliable.
Student Muhammad Hajid says he was planning to work in the gig economy fulltime, but is now not so sure of its future.
Grab delivery worker Dinh Van Hung making a stop in the busy city of Hanoi, Vietnam.
Demand for better terms: Foodpanda riders protesting at the meeting with the minister.
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