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
Paris Bike Sharing Fleet Folds After Too Much Theft, Vandalism
February 26, 2018

Gobee.bike is pulling out of Paris after thousands of its bicycles were stolen or vandalized. “Over the months of December and January, the mass destruction of our fleet has become the new entertainment of underaged individuals, encouraged by content broadly shared on social media,” the...

Gig Economy
Fiverr Acquires AND CO To Equip Freelancers
January 25, 2018

Fiverr, the online marketplace that enables companies to hire freelancers, is acquiring AND CO, another startup that provides support tools for freelancers. According to a report in TechCrunch, Fiverr CEO Micha Kaufman said that once the deal is complete, Fiverr will offer AND CO’s online...

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. Reuters, citing a court filing in federal court in Brooklyn, New York, reported that Uber agreed to pay the $3 million to settle what was a...

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. According to a news report in TechCrunch, one of the larger changes to the Uber app is the ability to engage in live location sharing, which enables you...

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. According to a news report in Ars Technica, which cites an Instacart employee who requested to remain anonymous, the idea behind the...

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. Because for the last six...

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. According to a Recode news report, the ride-sharing company is looking...

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...