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, Lyft’s Win in Washington State Comes Before NLRB Rules on Gig Worker Standard
April 05, 2022

Last week, Washington Gov. Jay Inslee signed a new law governing ride-hailing drivers that provides them with additional rights such as sick pay and minimum pay guarantees based on the time and distance they spend on each trip. Yet, drivers won’t get the full benefits...

Gig Economy
Washington State Sets Minimum Pay for Uber, Lyft
April 01, 2022

Washington has become the first U.S. state to set earnings standards for ride-hailing companies after Governor Jay Inslee signed into law a minimum pay standard for Lyft and Uber drivers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Gig Economy
Technology Enables Customized Auto Insurance for Gig Economy Drivers
March 28, 2022

Gig economy drivers can face some complications when it comes to their auto insurance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Gig Economy
Visa: Real Time Payments An ‘Expectation’ Among Canada’s Gig Workers
March 24, 2022

What was once novel in payments becomes table stakes, and what was once simply nice to have becomes an expectation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Gig Economy
Instacart Beefs up Shopper Support as Gig Model Faces Scrutiny
March 10, 2022

Amid ongoing reports of the difficult conditions faced by gig workers, aggregators are making moves to create more positive perceptions of the labor model. Instacart, for one, announced Thursday (March 10) the beginning of the rollout of a range of features meant to provide support...

Gig Economy
Amazon Offers Grocery Gig Workers Whole Foods Staff Jobs
March 08, 2022

Amazon has been changing its policies over the past few years like many companies and has been reckoning with consumers who seem to not want to go into physical supermarkets as much, CNBC wrote Tuesday (March 8). Get the Full Story Complete the form to...

Gig Economy
Gig Economy Businesses Turn to FinTechs to Enable Instant Payments
March 08, 2022

The next generation of small business owners, freelancers and gig workers have grown up using platforms like Venmo and other instant payments, giving them some expectations when it comes to the payments experience. Get the Full Story Complete the form to unlock this article and...

Gig Economy
Uber Tests Pay Redo to Woo New Drivers
February 27, 2022

Uber will be testing a new algorithm for drivers that allows them to see pay and destinations before accepting a trip, according to a Reuters report Friday (Feb. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Gig Economy
Inflation Spurs Individuals to Join Platform Economy to Boost Income
February 16, 2022

Inflation may be the tailwind that pushes all of us to become part of the gig economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...