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)

Uber, Lyft Head to Court as Massachusetts Challenges Driver Classification
Gig Economy
Uber, Lyft Head to Court as Massachusetts Challenges Driver Classification
May 13, 2024

Uber and Lyft are facing a trial in Massachusetts over allegations that they misclassified their drivers as independent contractors instead of employees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Oscar Health: Gig Workers Drive Record Jump in ‘Obamacare’ Enrollment
Gig Economy
Oscar Health: Gig Workers Drive Record Jump in ‘Obamacare’ Enrollment
May 07, 2024

Insurance platform Oscar Health recorded its first-ever net profit amid record customer enrollment in Affordable Care Act plans. 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...

Gig Worker Ballot Measures Get Hearing in Massachusetts Court
Gig Economy
Gig Worker Ballot Measures Get Hearing in Massachusetts Court
May 06, 2024

The Massachusetts Supreme Judicial Court heard oral arguments Monday (May 6) regarding a proposed ballot measure that seeks to redefine the employment relationship between rideshare and delivery drivers and companies like Uber and Lyft. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Side Hustles in Focus as Gig Worker Laws Stir Uncertainty
Gig Economy
Side Hustles in Focus as Gig Worker Laws Stir Uncertainty
April 29, 2024

In the debate over the classification of gig workers, Massachusetts finds itself at the center of a legislative whirlwind, echoing a lengthy battle around California’s AB5 Gig-worker law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

California Uber Drivers Reap $1 Billion in Benefits Since 2020
Gig Economy
California Uber Drivers Reap $1 Billion in Benefits Since 2020
April 26, 2024

Uber says it has made an investment exceeding $1 billion in benefits for its California drivers and couriers since 2020. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Automating Ad Hoc Payments Makes Instant Pay a Reality for Gig Workers
Gig Economy
Automating Ad Hoc Payments Makes Instant Pay a Reality for Gig Workers
April 09, 2024

Defined by their sporadic and one-off nature, ad hoc payments have traditionally provided a flexible solution for compensating individuals for their services, catering to the needs of both employers and workers.   Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Gig Worker Wage Policies Pinch Consumer Demand, Driver Pay
Gig Economy
Gig Worker Wage Policies Pinch Consumer Demand, Driver Pay
March 20, 2024

What started as a move toward fairer compensation has evolved into a heated debate, pitting the interests of drivers against those of gig economy giants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

InDrive Secures Additional $150 Million to Grow Mobility Platform
Gig Economy
InDrive Secures Additional $150 Million to Grow Mobility Platform
March 14, 2024

Global mobility and urban services platform inDrive’s financing arrangement with General Catalyst has been expanded to $300 million. 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,...

EU’s Gig Worker Legislation Moves Closer to Vote After Compromises
Gig Economy
EU’s Gig Worker Legislation Moves Closer to Vote After Compromises
March 11, 2024

The European Union (EU) is reportedly inching closer to passing legislation on the social and labor rights of millions of gig workers within online platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...