User:Mattbaranello/Digital economy

Gig Economy
Gig work is labor that consists of temporary and flexible jobs that are usually done over delivery apps and rideshare services such as Grubhub, Uber, Lyft, and Uber Eats

The birth of the gig economy has become desirable to those who want to have more flexibility in their schedule. It allows those even with full-time employment to make some side money when they clock out of their day job.

Most people who chose to do gig work, however, rarely make it more than a side hustle. he number of platforms and the size of the gig economy have yet to be accurately quantified. Katz and Krueger estimated that only 0.5% of gig workers make most of their income off of platforms like Uber, Lyft, Grubhub, and Doordash. Since these workers are considered independent contractors, these companies are not responsible for giving its workers benefits like it would a regular full-time employee. This has resulted in the formation of unions between gig and platform workers and various reforms within the industry.

Information Technology
The information technology (IT) sector of the U.S. now makes up about 8.2% of the country's GDP and accounts for twice its share of the GDP as compared to last decade. 45% of spending on business equipment are investments in IT products and services, which is why companies such as Intel, Microsoft, and Dell have grown from $12 billion in 1987 to more than half a billion in 1997.

The Framework for Global Electronic Commerce
The Framework for Global Electronic Commerce contains the promotion of five principles used to guide the U.S. government's actions towards electronic commerce so that the digital economy's growth potential remains high. These five principles include the leadership of the private sector, the government avoiding undue restrictions on e-commerce, limited government involvement, the government's recognition of the Internet's unique qualities, and the facilitation of e-commerce on a global basis.