While financial literacy for the users of financial services/products is of paramount importance, financial education is also a must for financial service providers. Banks, financial institutions and other market players too need to be literate about their risk and return framework.
However, if gig work is less stable, it may increase job loss. The net effect on unemployment is, thus, unclear. Regarding productivity, gig work could lower aggregate productivity to the extent that it requires less human capital or specialized knowledge than traditional jobs, or if it primarily increases hours worked by lower-skilled individuals.