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"No Jobs Available"... Surge in 'Gig Workers' Among People in Their 20s and 30s

Number of Short-Term Workers Up 48%
Driven by MZ Generation Preferences and Job Market Slump

Kim Dokyung (29), who is preparing for the firefighter civil service exam, makes a living by working part-time at a Coupang logistics center whenever he has spare time. He said, "Whenever I need money, I can start working right away just by applying, without a separate interview," adding, "I can also set my own hours, so it's easy to balance with my exam studies."


Recently, the 'Gig Economy'-an ultra-short-term contract labor market where people work only as much as they need and get paid accordingly, based on the needs of both companies and workers-has been spreading. Its biggest feature is that people can choose to work at their preferred times through various platforms.


"No Jobs Available"... Surge in 'Gig Workers' Among People in Their 20s and 30s

According to Statistics Korea on August 23, the number of part-time workers working less than 36 hours per week increased by 48%, from 5,956,000 in 2020 to 8,810,000 last year. Among them, ultra-short-term workers working less than 17 hours per week rose from 1,900,000 to 2,500,000 over the same period.


By age group, the increase was particularly notable among younger people in their 30s and below. As the job market remains sluggish and the job search period grows longer, more people are turning to short-term jobs to cover living expenses. The number of part-time workers aged 15 to 29 rose by 24% year-on-year to 1,356,000 last year, while those in their 30s surged by 61%, from 776,000 to 1,249,000.


"No Jobs Available"... Surge in 'Gig Workers' Among People in Their 20s and 30s

Ms. Cho (28), who tutors elementary and middle school students in English in Dobong-gu, Seoul, also works 16 hours a week at a restaurant to save up for opening her own academy. She said, "During school vacations, I only teach in the mornings and increase my part-time hours, but when the semester starts, I cut back," adding, "The advantage is being able to freely adjust my schedule."


Seo Yonggu, a professor of business administration at Sookmyung Women's University, explained, "The main reason for the increase in gig workers is the difficulty in finding full-time jobs, but now there is an alternative where people can make a living through short-term jobs even if they are not regular employees." He added, "For example, in delivery work, you don't have to deal with stress from a boss and can work as much as you want, which seems to be a key advantage."

Gig Economy
The term originated in the early 1920s in American jazz clubs, where, if a performer was unavailable or there was a scheduling issue, a musician would be spontaneously recruited from the audience to play. Such musicians were called "gigs," and the word later came to refer to musicians hired on short-term contracts. Today, the meaning has broadened to include any form of temporary work arrangements in various industries, where workers are hired as needed. This includes not only delivery and substitute driving but has also expanded to consulting and professional jobs.


© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

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