00:00It's Benzinga, bringing Wall Street to Main Street.
00:02China's gig economy is absorbing more workers as weak hiring,
00:06record graduate numbers, and job losses push people out of formal employment,
00:10according to Reuters. A Chinese think tank estimates flexible employment will rise to
00:15320 million people this year from 280 million in 2025, equal to about 44% of China's workforce.
00:23Analysts said the sector has become a buffer as the property crisis, automation, tariffs,
00:29overcapacity, and price wars pressure traditional jobs. Gig work is increasingly drawing educated
00:34youth and former white-collar workers. Economists and advisors warned the shift could weaken social
00:40insurance funding, reduce job security, and weigh on consumption. Several cities have warned of
00:45ride-hailing market saturation as workers' supply outpaces demand. For all things money, visit Benzinga.com.
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