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
EU Lawmakers Meet With Airbnb on Hosting Rules
June 06, 2022

Airbnb co-founder and Chief Strategy Officer Nathan Blecharczyk recently hosted members of the European Parliament to talk about updating European Union rules to help address hosting issues. According to a company blog post published Monday (June 6), the discussions centered around how Airbnb and EU...

Gig Economy
Companies Offer Gig Economy Drivers Additional Revenue, Opportunities and Vehicles
April 18, 2022

Companies see opportunities to help gig economy drivers become even more digitized, offering them more apps, screens and electric cars. In one recent example, Hyundai and Firefly announced April 4 that they are collaborating to promote to rideshare fleets and drivers Hyundai vehicles equipped with...

Gig Economy
LatAm’s Gig Economy Is Growing, Studies Show, Along With Digital Payments
April 08, 2022

The gig or sharing economy has become an enticing employment opportunity for people in Latin America over the past two years, especially as new payment methods become available. This is especially true for delivery and rideshare services, with one study showing that on-demand delivery platform...

Gig Economy
Gig Economy Drivers Rent More Than 300,000 Vehicles
April 05, 2022

Renting vehicles to gig economy drivers is a total addressable market that is currently estimated at between 300,000 and 500,000 vehicles, EVmo CEO Stephen Sanchez said Thursday (March 31) during the company’s quarterly earnings call.  EVmo serves this market by providing rental vehicles to both...

Gig Economy
Uber, Lyft’s Win in Washington State Comes Before NLRB Rules on Gig Worker Standard
April 05, 2022

Last week, Washington Gov. Jay Inslee signed a new law governing ride-hailing drivers that provides them with additional rights such as sick pay and minimum pay guarantees based on the time and distance they spend on each trip. Yet, drivers won’t get the full benefits...

Gig Economy
Washington State Sets Minimum Pay for Uber, Lyft
April 01, 2022

Washington has become the first U.S. state to set earnings standards for ride-hailing companies after Governor Jay Inslee signed into law a minimum pay standard for Lyft and Uber drivers. As Reuters reported Friday (April 1), the law — signed Thursday (March 31) — said...

Gig Economy
Technology Enables Customized Auto Insurance for Gig Economy Drivers
March 28, 2022

Gig economy drivers can face some complications when it comes to their auto insurance. First, when they turn on an app and start using their vehicle to generate revenue, their personal auto policy no longer provides coverage — they need a commercial policy.  Beyond that,...

Gig Economy
Visa: Real Time Payments An ‘Expectation’ Among Canada’s Gig Workers
March 24, 2022

What was once novel in payments becomes table stakes, and what was once simply nice to have becomes an expectation. Jim Filice, vice president and head of new payments at Visa Canada, told PYMNTS that the gig economy — marked by flexibility, platforms and choice...

Gig Economy
Instacart Beefs up Shopper Support as Gig Model Faces Scrutiny
March 10, 2022

Amid ongoing reports of the difficult conditions faced by gig workers, aggregators are making moves to create more positive perceptions of the labor model. Instacart, for one, announced Thursday (March 10) the beginning of the rollout of a range of features meant to provide support...