Gig economy creates ripples in Australia's A$2.1 trillion pension pool
Sydney
WHEN ride-hailing company Uber started in 2014, Sydney resident Rosalina Kariotakis was among the first drivers to sign up, becoming part of the "gig economy" where freelance work is transforming the traditional job market in step with advances in technology.
Mobile or online platforms are at the forefront of a boon in casual work for individuals who are seeking greater flexibility for less security - many of them are giving up benefits such as sick leave, life insurance and pension fund savings.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Starbucks points to weaker consumer as profit falls
Restaurant Brands tops estimates as Burger King overhaul pays off
Walmart to shut all health centers in US over lack of profitability
Coca-Cola raises annual sales forecast on global demand, higher prices
Dying salmon trouble Norway’s vast fish-farm industry
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too