Gig economy workers say they can no longer survive

13 Sept 14:41 Key points summarised by AI

Gig economy workers across the globe, from Paris to California and Malaysia, report severe financial hardship, with plummeting earnings making it increasingly difficult to survive.
Workers criticize platform algorithms for manipulating pay and bonus offers, forcing them into a "vicious cycle" of accepting lower fees and working excessive hours, challenging the platforms' claims of flexibility.
The COVID-19 pandemic exacerbated economic insecurity for these workers, highlighting their lack of basic labor protections and sparking battles for unemployment benefits, as seen with the contentious California Prop 22 vote.
Despite some workers developing strategies like juggling multiple platforms to maximize income, many express a preference for stable employment, underscoring the precarious nature and long hours required to make a living in the gig economy.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.