What is the Gig Economy?

What is the Gig Economy? The word “Gig” used to mean a variety of jobs in the entertainment industry. As in,”Hey Man, I just got a new gig!” Now it’s been transformed to mean an independent contractor who works for a larger corporation and takes on a temporary task aka “Gig”. The person who has taken on the gig is payed a percentage of the total price of the Gig by the corporation.Which justify’s this through it’s costs of advertising and marketing the service. Thus finding you a Gig! A few common examples would be Lyft,Uber,Fiverr and Taskrabbit.

Additional Reading:

It’s tine to talk about the “Gig Economy”

The First domino falls in the Gig Economy:Homejoy shuts down

Freelancers Union

The insecure world of freelancing

Greg Benson freelances as a performer,producer in the “Gig Economy”. Being payed by You Tube for the number of clicks, views of his videos. He creates his own content but is payed by the larger corporation which markets and houses his videos on their computer servers.

Advertisements