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
California’s New Labor Bill Gets Pushback From Uber
September 12, 2019

Rideshare giant Uber says it will fight the recent passage of a controversial labor bill in California, The Wall Street Journal reported on Thursday (Sept. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Gig Economy
Gig Economy Could See Overhaul Under New California Bill
September 11, 2019

California lawmakers passed a controversial labor bill on Tuesday (Sept. 10) that could turn on-demand contract workers into full-fledged employees.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

New Report: Why 84 Percent Of Paycheck-To-Paycheck Gig Workers Want Early Pay
August 29, 2019

A growing number of workers are turning to platforms like Uber, TaskRabbit and Upwork to earn extra money – or even to make gig work a main source of income. Yet, while the gig economy is upending many aspects of the traditional employee-employer dynamic, the...

Gig Economy
Instacart Rolls Out Insurance, Loan Repayment To Gig Workers
August 21, 2019

To counter criticism of its independent contractor procedures, Instacart announced a series of new benefits for its contract shoppers, VentureBeat reported on Wednesday (Aug. 21).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Gig Economy
Why ‘Liquidity As A Service’ Is A Gig Thing
August 16, 2019

For gig workers, a growing subset of the economy where at least one-third of the U.S. workforce has taken on project-based work, getting paid in a timely manner can be critical to financial well-being. Get the Full Story Complete the form to unlock this article...

Gig Economy
Solving The Gig Economy’s T&E Puzzle
August 01, 2019

Last month, new data on the U.K.’s gig economy surfaced from the University of Hertfordshire, concluding that the number of gig workers in Britain has more than doubled in the last three years, now reaching 4.7 million professionals. Get the Full Story Complete the form...

Gig Economy
Gig Workers And The $178B Pay Advance Potential
July 17, 2019

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Gig Economy
Lime Taps PayPal’s Hyperwallet For Global Payouts
July 10, 2019

PayPal’s Hyperwallet is facilitating payments to Lime’s scooter “juicer” force — offering a range of payout options globally. Brent Warrington, Hyperwallet's general manager, tells Karen Webster why paying freelancers to charge scooters — in the ways they want — shows why the gig economy, aided...

Gig Economy
Mastercard Launches Early Pay Option For Gig Workers
July 10, 2019

Much of the magic of using gig economy services like Uber is contained in the payment experience itself. Instead of fussing with cash or a card at the end of the ride, the payment happens seamlessly on the back end. And because the experience is...