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
Gig Workers Have Made $2 Billion Using Fiverr
May 25, 2021

Gig economy star Fiverr said on Tuesday (May 25) that freelancers on its platform have collectively earned more than $2 billion. In February 2020, Fiverr had announced that its freelancers had earned $1 billion on its platform since its launch a decade before. Get the...

Gig Economy
5 Risks Highlighted In Just Eat Takeaway.com’s Grubhub Acquisition Prospectus
May 12, 2021

As Netherlands-based food delivery giant Just Eat Takeaway.com gets closer to finalizing its acquisition of Chicago-based delivery service Grubhub, the former published its prospectus outlining the details of the deal and the associated risks. The prospectus has already been approved by the European Union and...

Gig Economy
New Spanish Law Requires Delivery Companies To Treat Drivers As Employees
May 11, 2021

The gig economy is coming under scrutiny around the globe over labor rights issues. In Spain, the government has enacted new rules that require food delivery companies to turn “freelance” drivers into staff workers in 90 days. Get the Full Story Complete the form to...

Gig Economy
Biden Bats Back Trump-Era Rule To Prevent Gig Worker Reclassification 
May 05, 2021

A Trump-era rule that would have made it harder for officials to change gig workers’ classification from independent contractors or W-2 employees has been blocked from ever going into effect by the Biden administration. The Labor Department announced that it would pull the rule before...

Gig Economy
Labor Secretary Marty Walsh: Some Gig Workers Are ‘Employees’
April 29, 2021

Gig workers should, at times, be classified as employees, entitled to sick time, healthcare, and paid time off, Reuters reported on Thursday (April 29), citing an exclusive interview with U.S. Labor Secretary Marty Walsh. Get the Full Story Complete the form to unlock this article...

Gig Economy
Help Wanted: Uber Posts Record March And Unprecedented Signing Bonus For Drivers
April 19, 2021

The year 2020 was not a terrific one for the ridesharing business as consumers on lockdown didn’t need quite so many rides, and sitting in a very confined space with a stranger for only a short ride seemed an overly risky proposition. Get the Full...

Gig Economy
Lumanu Debuts Platform For Creator B2B Finance
April 07, 2021

Lumanu has rolled out its business platform, which will let creators manage, scale and protect their businesses, a press release said on Wednesday (April 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Gig Economy
Driver Shortage Has Uber, Lyft Scrambling To Meet Post-COVID Demand
April 07, 2021

The diminished need for rideshares during the COVID-19 pandemic caused many people to abandon gig platforms as a source of income, causing a driver shortage as the world starts reopening post-pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Gig Economy
Uber, Other Platforms’ Changing Business Models Meet Regulatory Buzzsaw
February 19, 2021

The evolution – and revolution – of the platform economy has been one where individuals find work when and where they need it. For the companies themselves, creating new, digital-first markets while keeping costs (relatively) low can streamline efforts to scale worldwide. But there’s always...