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
How The MENA Gig Economy Provides Global Lessons
October 09, 2019

The gig economy — and digital marketplaces designed to service gig workers and employers — is where so much of the action is these days. Payments and other forms of innovation and disruption are taking place as the gig lifestyle spreads across the world and...

Gig Economy
CA Gig Workers Split On Impact Of New Classification Law
September 23, 2019

California Gov. Gavin Newsom signed into law a controversial bill that could reclassify ridesharing and other gig economy workers as employees instead of independent contractors, The Wall Street Journal reported on Saturday (Sept. 21). Although the new law is intended to raise wages and add...

Gig Economy
Unions Urge NY To Offer Gig Workers More Protections
September 16, 2019

Unions in New York are petitioning the state to change its laws to include employment protections for gig economy workers, similar to a bill recently passed in California, The Wall Street Journal reported on Monday (Sept. 16). New York’s wage and hour laws currently don’t apply...

Gig Economy
California’s New Labor Bill Gets Pushback From Uber
September 12, 2019

Rideshare giant Uber says it will fight the recent passage of a controversial labor bill in California, The Wall Street Journal reported on Thursday (Sept. 12). The landmark legislation AB5 passed the Senate on Wednesday (Sept. 11) and is expected to be supported by the...

Gig Economy
Gig Economy Could See Overhaul Under New California Bill
September 11, 2019

California lawmakers passed a controversial labor bill on Tuesday (Sept. 10) that could turn on-demand contract workers into full-fledged employees.   App-based businesses tried to work out immunity to no avail and the bill passed the California State Senate in a 29 to 11 vote, The...

New Report: Why 84 Percent Of Paycheck-To-Paycheck Gig Workers Want Early Pay
August 29, 2019

A growing number of workers are turning to platforms like Uber, TaskRabbit and Upwork to earn extra money – or even to make gig work a main source of income. Yet, while the gig economy is upending many aspects of the traditional employee-employer dynamic, the...

Gig Economy
Instacart Rolls Out Insurance, Loan Repayment To Gig Workers
August 21, 2019

To counter criticism of its independent contractor procedures, Instacart announced a series of new benefits for its contract shoppers, VentureBeat reported on Wednesday (Aug. 21).  The San Francisco-based grocery delivery startup said it is offering new benefits to contractors starting Sept. 3 that include wellness resources, student...

Gig Economy
Why ‘Liquidity As A Service’ Is A Gig Thing
August 16, 2019

For gig workers, a growing subset of the economy where at least one-third of the U.S. workforce has taken on project-based work, getting paid in a timely manner can be critical to financial well-being. In fact, as PYMNTS found in recent research on the gig...

Gig Economy
Solving The Gig Economy’s T&E Puzzle
August 01, 2019

Last month, new data on the U.K.’s gig economy surfaced from the University of Hertfordshire, concluding that the number of gig workers in Britain has more than doubled in the last three years, now reaching 4.7 million professionals. Experts say the explosion of technology platforms...