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
Uber Settles NY Driver Fees Lawsuit For $3M
January 10, 2018

Ride-hailing app company Uber reached a settlement with more than 2,000 New York drivers, agreeing to pay $3 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Gig Economy
Gig Workforce Swells As Companies Shed Headcount
December 29, 2017

Long gone are the days when Ford, J.C. Penney and General Electric were the largest U.S. employers. A new analysis shows that the country’s outsourcing companies – including the likes of Compass Group and Accenture – are the largest employers, leasing out workers to some...

Gig Economy
Uber Adds Live Location Sharing To App
November 21, 2017

Uber is preparing for the busy holiday travel season by adding more features to its ride-hailing app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Gig Economy
Instacart Workers Strike Over Low Pay
November 20, 2017

A handful of Instacart contract workers were gearing up to strike this past weekend to protest what personal shoppers contend are low wages. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Gig Economy
Uber Drivers Say Earnings Still A Challenge
November 13, 2017

While there is an emerging consensus that the gig economy may be the future of American labor, the trials and tribulations of Uber drivers looking to get paid highlights why this conclusion may not be as foregone as it appears. Get the Full Story Complete...

Gig Economy
Uber Floats “Task Rabbit” Concept To Drivers
November 10, 2017

Uber is looking to expand its services and has sent out an email to drivers to find out if they’d be interested in taking on additional on-demand jobs, such as cleaning, moving and food service. Get the Full Story Complete the form to unlock this article...

Gig Economy
With Gig Economy Booming, Job Marketplaces Find A New Role
November 07, 2017

Post-recession, with gig workers now powering 33 percent of the U.S. workforce, the on-demand worker seems very mainstream. But paying these workers on demand is no long an option. In the latest PYMNTS Gig Economy Index™, a Hyperwallet collaboration, 84 percent of gig workers say...

Gig Economy
NEW STUDY: Gig Economy 2.0: Faster Payments No Longer An Option
November 06, 2017

They’re college students earning money around class schedules, laid-off professionals waiting for a recruiter to call back and mothers without time for a traditional 9-to-5 job. They’re retirees seeking extra cash (and perhaps an excuse to get out of the house). Some are hobbyists, or...

Gig Economy
Sluggish Payments Hold Back Gig Economy
November 02, 2017

Freelance work isn’t free — no matter what some clients may wish. When multiple bills come in or cash falls short, clients can be quick to put freelancers’ bills on the bottom of the pile — a major problem for those who earn a living...