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
Uber Predicts 40% Price Hikes Under EU Gig Worker Law
September 20, 2023

Uber said a proposed European gig worker law could trigger price hikes and service shutdowns. Anabel Díaz, head of Uber’s mobility division in Europe, cautioned in an interview with the Financial Times (FT) Wednesday (Sept. 20) that the European Union’s platform work directive — being...

Gig Economy
Uber Driver Races to Secure No. 1 in PYMNTS’ Gig App Ranking
September 14, 2023

In this month’s edition of PYMNTS’ Provider Ranking of Gig Platform Apps, Uber Driver stands out as the frontrunner. To delve deeper into the leading platforms of the moment, check out the top-rated apps below. The Top 5 The top spot goes to Uber Driver,...

Gig Economy
Report: Uber Plans TaskRabbit-Style ‘Chore’ Service
September 11, 2023

Uber is reportedly looking to add odd jobs to its list of services.  The company is developing “Chore,” a service similar to TaskRabbit that would let users hire people to carry out random jobs, Bloomberg News reported Friday (Sept. 8).  The report said “Chore” was discovered in hidden code strings...

Gig Economy
Moove Raises $76 Million to Provide Financial Services for Mobile Gig Workers
August 10, 2023

Moove has secured $76 million in new funding to expand its financial services platform for mobility gig workers. The new funding consists of $28 million in equity from new and existing investors, a process led by Mubadala Investment Company; $10 million venture debt from funds and accounts managed...

Gig Economy
Fiverr Adds New Tools to Match Businesses With Freelancers
August 01, 2023

Freelance marketplace Fiverr has added two new tools that match businesses with talent. One of the new solutions, Fiverr Pro, is designed to address the needs of larger organizations, the company said in a Tuesday (Aug. 1) press release. This solution combines a curated catalog of professional talent...

Gig Economy
Judge Halts NYC Wage Law Opposed by Food Delivery App Firms
July 07, 2023

A judge has reportedly halted a New York City minimum wage law that is opposed by app-based food delivery firms. New York State Supreme Court Justice Nicholas Moyne issued a temporary halt to the law that would have gone into effect July 12, saying he...

Gig Economy
Food Delivery Companies Challenge New York City Minimum Wage Law
July 06, 2023

Uber, DoorDash and other app-based food delivery companies are pushing back against a minimum wage law set to take effect in New York City. The law, which will take effect July 12, requires companies to pay delivery workers $17.96 an hour, rising to nearly $20 per hour by April...

Gig Economy
Uber Driver Holds Its Lead In the Provider Ranking of Gig Apps
May 05, 2023

With PYMNTS research finding that more Americans are adding side hustles to ease paycheck-to-paycheck living pressures, our Provider Ranking of Gig Apps is the ideal place to see this class of apps at work, so to speak, as the rankings reflect downloads and activity on those platforms....

Gig Economy
Fiverr Unveils All-in-One Freelancer Management Platform
May 03, 2023

Freelance marketplace Fiverr has debuted a platform that lets companies manage gig workers. Fiverr Enterprise, announced Wednesday (May 3), gives businesses an all-in-one tool to source, onboard, manage and pay freelance workers, while also simplifying budget tracking, tax, legal and workforce classification and compliance. The...