Asian Development Bank (ADB) and the Asian Development Bank Institute (ADBI) jointly hosted a webinar on “Enhancing Social Protection and Gender Equality in the Gig Economy." 

The rapid advancement of communication technologies and the global internet boom have driven the expansion of the gig economy, which now accounts for approximately 12% of the global labor market. This trend was further accelerated by the coronavirus disease (COVID-19) pandemic, as widespread work closures and layoffs prompted individuals to turn to digital platforms for employment.

The gig economy presents substantial opportunities for individuals, offering flexibility and low barriers to entry, particularly for women and youth. It contributes significantly to economic activity and provides an alternative source of income for millions. However, it also poses critical challenges. Gig workers often lack sufficient social protection, including health insurance, income security, and retirement savings. Location-based gig workers often face heightened workplace hazards and safety concerns due to limited regulatory oversight. Their working conditions are often precarious, with long hours, unstable incomes, and inadequate mechanisms to address grievances or disputes. In many emerging economies, effective frameworks to provide gig workers with social protections remain underdeveloped, leaving them exposed to financial instability and long-term insecurity.

This webinar addressed these challenges and explored innovative strategies to bridge the social protection and gender gaps in the gig economy. Participants gained insights from countries that have implemented effective social insurance schemes and examined lessons learned to advance policies that promote equitable and sustainable support systems for gig workers.