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 Battles Brew In California Regardless Of Uber, Lyft Prop 22 Victory
November 11, 2020

Uber and Lyft claimed victory in California on Election Day when Proposition 22 was upheld by voters, but despite the win, battles are still brewing over how gig workers should be classified, according to a report from The New York Times. Get the Full Story...

Gig Economy
Prop 22 Passes To Keeps Uber/Lyft Workers As Contractors In California
November 04, 2020

On Tuesday (Nov. 3), California voters gave the nod to statewide ballot initiative Proposition 22, which allows app-based companies, such as ride-hailing firms and other gig economy firms, to classify workers as contractors rather than employees. Get the Full Story Complete the form to unlock...

Gig Economy
Prop 22: California Voters Side With Uber And Lyft, Nix AB 5 Gig Worker Law
November 04, 2020

California voters passed Proposition 22, which exempts tech platforms like Uber, Lyft, and DoorDash from state law AB 5, which forced them to reclassify gig workers as employees, according to a Wall Street Journal report on Wednesday (Nov. 4). Get the Full Story Complete the form...

Gig Economy
Prop 22: California Sets Referendum On The Gig Economy
November 02, 2020

In California, a state ballot vote tomorrow (Nov. 3) will likely have seismic reverberations for gig economy companies and the millions of individuals and families who rely on them as economy lifelines in the midst of a pandemic. Get the Full Story Complete the form...

Gig Economy
Uber Weighs Backup Plan If Controversial California Labor Law Stands
October 21, 2020

Uber is weighing contingency plans that could dramatically shrink its California operations should a ballot campaign aimed at revoking a controversial state labor law fall short on Election Day. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Gig Economy
Mastercard, Stride Enable Portable Health Benefits To Gig Workers
October 15, 2020

Mastercard is working with portable benefits program Stride in order to help companies offer U.S. workers access to affordable healthcare plans, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Gig Economy
Uber, Lyft Take On California In Court Over AB5 Allegations
October 13, 2020

Lawyers for Uber, Lyft and the state of California laid out arguments on Tuesday (Oct. 13) for whether or not the state can force the gig economy companies to treat workers as employees and give benefits, Reuters reports. Get the Full Story Complete the form...

Gig Economy
Uber CEO’s 900,000 Reasons Why AB5 Shouldn’t Fly
October 05, 2020

California Assembly Bill 5 (AB5) — and its now famed (and feared) three-part test as to whether a worker could be classified as an independent contractor or must by law be classified as an employee — has been a magnet for controversy almost since day...

Gig Economy
The Rise Of The Pay-Advance App
October 05, 2020

For workers living paycheck to paycheck even before COVID-19, having their hours cut back due to the pandemic can stretch already tenuous financial situations to the breaking point. Cash-strapped employees struggling to make ends meet need fast access now more than ever to the money...