How does the rise of technology in the gig economy contribute to wage polarization and the need for reskilling among workers?

The rise of technology in the gig economy has changed the way people work, leading to wage polarization, which means that some workers earn a lot while others earn very little. For example, highly skilled workers who can use technology effectively, like software developers, often get paid well, while less skilled workers, such as drivers or delivery people, may struggle to make a decent income. This gap happens because technology makes it easier for companies to find and hire skilled workers quickly, while lower-skilled jobs can be automated or outsourced, leading to fewer opportunities and lower wages for those workers. As a result, many workers need to learn new skills to stay competitive in the job market, which is known as reskilling. This need for reskilling is crucial because it helps workers adapt to the changing demands of the labor market driven by technological advancements.