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)

Taxi Medallion Loans Sold To Distressed Asset Manager For $350M
Gig Economy
Taxi Medallion Loans Sold To Distressed Asset Manager For $350M
February 20, 2020

Marblegate Asset Management, known for buying up distressed assets, now holds the largest lot of New York’s taxi-medallion loans, according to published reports Wednesday (Feb. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

The ABCs Of The California Gig Worker Ruling
Gig Economy
The ABCs Of The California Gig Worker Ruling
February 14, 2020

There’s a saying in jurisprudence: Hard cases make bad law. 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 Today. By completing this...

AP Automation’s Role In Paying The Gig Economy
Gig Economy
AP Automation’s Role In Paying The Gig Economy
February 05, 2020

The rise of the gig economy is inexorable. By some estimates, within this decade, about half of the U.S. workforce will be made up of self-employed individuals. With the rise in short-term ad hoc work, the very nature of how workers are paid is changing,...

The Gig Economy Grows Up
Gig Economy
The Gig Economy Grows Up
January 27, 2020

Less than 20 years ago, freelancers were still a workforce oddity. They came and went kind of invisibly, taking on overflow work from full-time staffers, floating between different companies and assignments. Even taxi driving was a full-time profession, back when freelancers were rare. Get the...

Deep Dive: How Outdated Marketplace Payments Lead To Freelancer Desertion
Gig Economy
Deep Dive: How Outdated Marketplace Payments Lead To Freelancer Desertion
January 24, 2020

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Protecting Travel Experts’ Payments In The Experience Economy
Gig Economy
Protecting Travel Experts’ Payments In The Experience Economy
January 23, 2020

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How kimkim Uses Faster Payments To Win Gig Worker Loyalty
Gig Economy
How kimkim Uses Faster Payments To Win Gig Worker Loyalty
January 22, 2020

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eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff
Gig Economy
eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff
January 10, 2020

Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people — and ceasing operations in 12 markets, according to reports on Thursday (Jan. 9). Get the Full Story Complete the form to unlock...

California Gig Decree Prompts Uber To Halt Upfront Pricing
Gig Economy
California Gig Decree Prompts Uber To Halt Upfront Pricing
January 09, 2020

Uber is dropping upfront pricing in favor of estimates in response to the California gig economy law that took effect Jan 1. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...