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
Bakkt, BringMeThat.com Bring Crypto to Gig Economy 
December 17, 2021

Digital asset marketplace Bakkt Holdings, Inc. on Friday (Dec. 17) partnered with food delivery service BringMeThat.com to stake its claim on the gig economy.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Gig Economy
Gig Workers Want Insight Into Platform Algorithms
December 13, 2021

Gig workers delivering passengers, groceries and restaurant meals are at the mercy of computer algorithms that could upend their workplace standing with little recourse. Now they’re asking for explanations about how the algorithms work and transparency into how decisions are made, according to a press...

Gig Economy
EU Gig Workers Could Be Reclassified as Employees
December 09, 2021

Gig workers in Europe — including Just Eat Takeaway.com, Uber Eats, Delivery Hero, Deliveroo and others — could be reclassified as employees under a new European Union (EU) initiative, the European Commission (EC) said in a news release on Thursday (Dec. 9). Get the Full...

Gig Economy
The Great Resignation, Gig Economy Growth Fuels Demand for Portable Health Benefits Apps
December 02, 2021

A convergence of forces — from the pandemic to the rise of more formalized gig and creator economies — is providing opportunities to modernize work-related healthcare and other benefits for nontraditional workers in ways that were little more than talking points until now. Get the...

Gig Economy
Uber Eats to Allow Cannabis Orders in Ontario, Canada
November 22, 2021

Uber is getting into the cannabis business, at least in one part of the world. 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,...

Gig Economy
MA Ballot Measure Pushes for Gig Workers to Be Treated Like Contractors
November 16, 2021

Supporters of a Massachusetts ballot question that will ask voters to treat drivers for Uber, Lyft and other app-based companies as independent contractors have collected about 130,000 signatures, enough to get it on the ballot, according to a Reuters report Tuesday (Nov. 16).   Get...

Gig Economy
Ride-Hailing Fares up 25% in Q3 Over 2019, but Uber, Lyft Riders Don’t Care
November 08, 2021

Riders are returning to Uber and Lyft despite higher prices caused by a driver shortage, Reuters reported Monday (Nov. 8).  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
AI, Tech Turns Freelancer Platforms Into Online Small Business Advisers
November 08, 2021

It’s sometimes called “the ecosystem for indies;” was built to help creative freelancers book and track projects, send invoices and get paid on a single platform; has $250 Million in fresh investor capital; and is sitting at the crossroads at a seminal time for so-called...

Gig Economy
Payfare Teams With Stride Bank on Real-Time Payments for Gig Workers
September 28, 2021

FinTech Payfare on Tuesday (Sept. 28) announced an expanded partnership with Stride Bank that includes new and faster ways for gig workers to get paid 24 hours a day, seven days a week, through The Clearing House’s real-time payments (RTP) network. Get the Full Story...