Gig Economy - Explained
What is the Gig Economy?
Written by J. Mance Gordon
Updated at April 22nd, 2024
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What is the Gig Economy?
Gig economy refers to a hiring environment where jobs are mostly temporary and flexible (that is they can be completed from any place without prior physical connection with the assigner) and companies prefer hiring on contract rather than employee in-house workers.
Some notable examples of services in gig economies are Uber, Lyft, AirBnB, and other freelance platforms.