With the rise of the platform economy, the gig economy has become a global focal point of academic and policy debate. This paper examines the income structure, social protection, and career development of young workers engaged in platform-based employment in Southeast Asia. Using a combination of case studies and survey data, the study highlights the paradox of flexibility and insecurity within the gig economy. While gig work provides autonomy and new income opportunities, the absence of labor protections creates systemic vulnerabilities. The findings call for a rethinking of labor policies in the region to safeguard workers' rights while fostering innovation.