(source: whatis.techtarget.com)
If you really know the music industry, you know that many tour managers and accountants are barely a half-step removed from the glory days of the abacus. So many of them — along with their peers in other areas of show business — spend long...
Payment frictions are rife in the global gig economy. For example, clients might be reluctant to wire funds internationally, forcing freelancers to endure lengthy waiting periods for their earnings. Digital escrow services could alleviate some of these common payment pain points. PYMNTS recently spoke with...
It’s being treated as victory — perhaps a mild one, but still a win — for workers in the so-called gig economy: A recent ruling from the California Supreme Court makes it more difficult to classify people as independent contractors instead of employees. The decision...
Why the Gig Economy is Growing – and What’s Holding It Back Gig workers and freelancers are a tiny minority no more. They are an important, and quickly expanding, portion of the American workforce, presenting workers with a potential new source of income and opportunity....
Can a shift in demographics lead to ripple effects – and maybe even a sea change – in the way gig economy workers get paid? The PYMNTS Gig Economy Index has estimated that gig workers account for 3.7 percent of GDP, worth roughly $711 million...
The gig life isn’t just for Uber drivers. And it’s not just about that much-reported millennial “side hustle” either. “Gig” is really just a new word for “freelance,” and that’s a concept that’s been around for a long, long time, encompassing much more than the...
The gig economy companies were dealt a blow Monday (April 30) after the Supreme Court in California ruled that gig economy companies can’t count workers as independent contractors instead of employees. The New York Times, citing the court ruling, reported the judgment could pave the...
Fast work, so … instant payments? On the heels of an announcement from FinTech firm Wirecard and gig economy startup Moonrise that the two companies had partnered to offer instant payments to workers, the question rises as surely as the moon: How has the gig...
With the rise of platforms such as Uber and Postmates, the gig economy market is booming. In 2016 alone, 34 percent of the American workforce was made up of freelancers — a number projected to grow to 43 percent by 2020. Many Americans work in...