Essentially the gig economy is a group of businesses that focus on paying independent contractors on a per job basis. And we’re dedicated to bringing you the latest news covering this secment of the business world.
Freelancing has been around forever. However, companies like UBER, Airbnb, GrubHub, and Deliveroo, among others, have gone a step further. They don’t rely on freelancers to fill in the gaps of their workforce; their primary work is done by this vast army of on-demand labor performing micro-projects, or “gigs” and the company serves as the intermediary between the freelancer and the requesting client, taking a commission or subscription fee as payment.
The Gig Economy is the entire market of services that operate under this model.