The gig workforce has been consistently growing in recent years and entrepreneur and author Vijay Eswaran spoke about the concept and the types of people that make up the gig economy. This conversation took place during a panel entitled “The Demographics of the Gig Workforce”. Vijay Eswaran is currently Qi Group’s Executive Chairman after founding QNet in 1998. QNet is now part of the QI Group and is one of the most substantial direct sales companies throughout the continent of Asia. The QI Group of Companies consists of several different subsidiaries in industries such as hospitality, retail, direct sales, and education. With all of the changes that are taking place throughout the global economy, many people are looking for ways to make money that are different from the traditional routes that many people have been following for generations.
Vijay Eswaran notes that millennials are one of the fastest-growing demographics that are participating in the gig economy as they are not wanting to spend their days doing a nine to five job. Millennials are wanting to take control of their lives and they need the incentives to do it. While generations in the past were immediately wanting to get their own house and brand new car, Vijay Eswaran sees a different trend among the millennials who don’t mind waiting for these things as long as they are enjoying their lives in the process. The younger generations want to be able to travel and have the experiences that they would not be able to have if they were working a traditional job.
The gig economy is something that Vijay Eswaran says has been around for the last century or so, but the internet has changed how it works, especially when it comes to direct sales. QI Group was one of the first direct sales businesses in Asia and the rest of the world that began using e-commerce as part of its business plan. Vijay Eswaran had dreams of taking his company global through the use of the internet long before Amazon and other companies had embraced the possibility. Technology has made it easier for people to participate in the gig economy wherever they may happen to be located as long as they have access to the internet. There are many different types of positions that are considered part of the gig economy and these opportunities are only expected to expand in the future. Read more about Vijay Eswaran:https://www.bloomberg.com/research/stocks/private/person.asp?personId=248353155&privcapId=39506766