The changing nature of work is turning traditional employment on its head. More and more people are working in the gig economy or in jobs without formal employment contracts, and the payroll-based industrial-era social insurance policies are no longer providing the safety net for which they were designed. 70 percent of the world's population is now in the informal labor market without the means to contribute to health care insurance or pension plans. Social protection needs to be reimagined in order to adapt to these changes.