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
NEW DATA: Digital Marketplaces And The $1.4T Gig Payments Opportunity
January 09, 2019

As 2018 came to a close, unemployment was at historic lows — thanks in part to growth in the gig economy. In Q3 2018, the portion of gig workers in the U.S. workforce rose to 35.6 percent, up from 32.2 percent in Q3 2017 and...

Gig Economy
Waze, Wonolo Pair On The Gig Economy Commute
December 14, 2018

On-demand staffing platform Wonolo has announced a partnership with Waze Carpool to provide carpooling services for Wonolo’s community of more than 300,000 local gig workers. The partnership, which comes after Wonolo’s $32 million Series C funding round led by Bain Capital Ventures, is rolling out...

Gig Economy
Can The Gig Economy Stress-Bust The Holidays?
December 08, 2018

While the holiday season is officially known as the most wonderful time of the year, for the majority of American consumers, it is also the most stressful. While the holiday season is officially known as the most wonderful time of the year, for the majority...

Gig Economy
Ingo Money CEO: Why Instant Payments Are Gig Work’s DNA
November 29, 2018

The gig economy has been getting no shortage of attention. In the last few years, a nearly uncountable number of articles and editorials have been written, exploring the concept of whether gig work is the future of labor. The attention is not unwarranted — a fact confirmed...

Gig Economy
The Gig Economy Is Growing Up — And Getting Less Lucrative
November 27, 2018

It’s probably getting to the point that everyone who doesn’t have gig work — offering ride shares via personal vehicles, for instance, or doing other freelance jobs found via digital marketplaces — probably knows someone who does. After all, according to the PYMNTS/Hyperwallet Gig Economy...

Gig Economy
How The Gig Economy Is Igniting Spend Management Innovation
November 01, 2018

Before CEO Toffer Grant founded PEX, he worked in the world of prepaid cards (gift cards in particular), where Christmas was the biggest challenge of every year. Gift card use would faithfully and intensely spike around Christmas, only to settle back to a more typical baseline six to eight...

Gig Economy
What Does Blockchain Have To Do With The Gig Economy?
October 23, 2018

In the pre-mobile world, in the time before the Uberization of every conceivable service, the gig economy existed — just not in the highly organized and monetized fashion as it is today. In fact, Head Blockchain Engineer Stan James at decentralized blockchain marketplace provider Origin told...

Gig Economy
As The Gig Economy Grows Up, Clashes Emerge Over Its Nature
September 28, 2018

It’s probably getting to the point that everyone who doesn’t have gig work — offering rideshares via personal vehicles, for instance, or doing other freelance jobs found via digital marketplaces — probably knows someone who does. And it’s also getting to the point that at...

Gig Economy
Adecco Slowdown Hints At EU Gig Economy Hiccup?
September 20, 2018

The gig economy heralds a sea change in how we work. But that does not mean that it’s all smooth sailing. Adecco illustrated some hiccups on Wednesday (Sept. 19), when the world’s biggest staffing company said it is seeing a slowdown tied to Europe. As...