Understanding the Psychological Impact of the Gig Economy on Workers: A Comprehensive Analysis

Abstract

The gig economy, characterized by short-term, flexible work arrangements, has emerged as a dominant force in the global labor market. While it offers workers autonomy and opportunities for additional income, it also brings unique challenges that can significantly affect their psychological well-being. This paper aims to explore the psychological impact of gig work on individuals, examining both the benefits and drawbacks. By integrating existing literature and empirical data, this study identifies key psychological outcomes such as job satisfaction, stress, anxiety, and overall life satisfaction. The paper also considers how factors like job insecurity, lack of socialsupport, and work-life balance contribute to these outcomes. Additionally, it

investigates the role of individual differences, such as personality traits and coping strategies, in moderating these effects. The findings highlight the need for policy interventions and organizational support to mitigate the adverse psychological impacts on gig workers and promote a healthier work environment.