The gig economy has transformed the work culture, offering flexibility and autonomy to workers. However, this flexibility comes at the cost of job security, benefits, and workers' rights. This study explores the impact of labor flexibility and insecurity on gig economy workers, examining the tensions between flexibility and security. A mixed-methods approach combining survey data from 51 gig economy workers reveals that workers value flexibility but experience high levels of insecurity, income uncertainty, lack of benefits, and limited access to social protections. Study highlights the need for policymakers to bring solution; the challenges faced by gig economy workers and ensure that flexibility is balanced with security and protections. The findings contribute to a deeper understanding of the gig economy's impact on workers and inform policy debates on labor rights and social protections.