Gig Economy

A gig economy is a free market system in which temporary positions are common and organizations contract with independent workers for short-term engagements. The term "gig" is a slang word meaning "a job for a specified period of time" and is typically used in referring to musicians. Temporary work or temporary employment refers to an employment situation where the working arrangement is limited to a certain period of time based on the needs of the employing organization.

(source: whatis.techtarget.com)

Gig Economy
Report: Recession Worries Lead Firms to Turn to Contract Employees
December 22, 2022

More and more American businesses are hiring temporary contract employees as recession fears increase. Companies posted 26% more openings for contract workers between May and November this year versus the same period in 2021, the Financial Times (FT) reported Thursday (Dec. 21), citing data from...

Gig Economy
Uber and NYC Taxi Commission Clash Over Rate Hikes
December 09, 2022

Uber and New York City’s taxi commission are clashing over the rates the firm must pay drivers.  Uber Technologies sued the New York City Taxi & Limousine Commission (TLC) to block the commission’s plan to increase per-minute and per-mile rates, Bloomberg reported Friday (Dec. 9).  The TLC told PYMNTS those...

Gig Economy
Uber Recovers, Instacart Slips in Latest Gig Economy App Ranking
December 01, 2022

Leading contract employment apps are wavering in PYMNTS’ latest Provider Ranking of Gig Economy Apps. Some category leaders regained ground lost last time, while others slipped further. Meanwhile, in the lower ranks of the top 10, some players have pulled way ahead, suggesting that the...

Gig Economy
Mexico’s Gig Workers May Get Social Security From Uber and Delivery Apps
November 23, 2022

Ride-hailing drivers in Mexico are potentially getting access to social security benefits if they drive for either Uber, DiDi Global or Rappi, a first for gig economy workers in the country. In a joint release received by PYMNTS, the proposed social security benefits would cover...

Gig Economy
Zoom to Launch Virtual Co-Working Space and AI Chatbot
November 08, 2022

With people’s work habits continuing to evolve, Zoom has debuted features the video conferencing platform says are designed to improve the modern work experience. “As global organizations are adapting to how, when, and where work happens, it’s crucial that human connection remains a top priority to drive...

Gig Economy
AP Automation a Top Priority for Gig Economy Firms
October 18, 2022

The emergence of online marketplaces and platforms has made it possible for the gig economy to flourish. After all, it is the online channel through which all manner of freelancers can find the ways and means to advertise their services and products, set terms, and...

Gig Economy
Labor Department’s Proposal Could Kill Gig Economy
October 11, 2022

For the platforms, it won’t be business as usual — not if the Labor Department shakes things up. To that end, and as widely reported, on Tuesday (Oct. 11th), the Department has set forth a proposal that would shift how platform economy workers can be...

Gig Economy
Labor Department Could Grant Gig Workers Employee Status
October 11, 2022

The U.S. Department of Labor is proposing new rules that could help gig workers be classified as employees instead of independent contractors. The rules “would provide guidance on classifying workers and seeks to combat employee misclassification,” the department said in a news release Tuesday (Oct....

Gig Economy
Uber Launches Uber Pro Card to Give Drivers Faster Payments, Rewards
October 06, 2022

Uber is delivering new rewards and faster payments to its drivers and couriers through a partnership with card-issuing platform Marqeta, along with global payments firm Mastercard and workforce payments platform Branch. In a press release Thursday (Oct. 6), Uber detailed the new Uber Pro Card,...