Freelance Glossary > G > Gig Economy

Gig Economy

The gig economy is a rapidly growing and increasingly popular form of employment that is driven by independent contractors, gig-workers and freelancers. It is characterized by short-term, contract-based work, often with multiple clients and employers. The gig economy is beneficial for many workers, as it allows for more flexible hours and job opportunities. In addition, the gig economy allows for a more diverse range of skills and knowledge to be applied, and for workers to specialize in their area of expertise.

The gig economy involves the exchange of goods and services between two or more parties, and most of these exchanges are done online, through platforms such as Upwork and Fiverr. This makes it easier for individuals and companies to find freelancers and independent contractors who can provide the services they require.

Additionally, the gig economy is based on the idea of gig-level payment, where freelancers and contractors are paid a set rate for the work they do. This can be beneficial for both employers and contractors, as it allows employers to pay for only the work they need, and for freelancers to get a fair rate for their services.

See also: Gig

Articles that talk about "Gig Economy"

The 10 Best Gig Economy Jobs for Extra Income in 2023

The 10 Best Gig Economy Jobs for Extra Income in 2023

Gig economy jobs have become a two-edged sword in today’s COVID-19 world. But despite the uncertainty of the economy, working for yourself, having flexible working...

11 Best Gig Economy Apps for Making Extra Cash in 2023

11 Best Gig Economy Apps for Making Extra Cash in 2023

The gig economy sometimes seems like a giant free-for-all, and in many ways it is. So, let us try to help you make sense of...

How to build a stellar portfolio to land your very first freelance gig

How to build a stellar portfolio to land your very first freelance gig

Deciding to jump into freelancing is an awesome, scary, exciting rush of emotions. Unless you have money set aside, you’re probably still working your “regular”...

15 Best Jobs for Introverts Without a Degree To Start With

15 Best Jobs for Introverts Without a Degree To Start With

While not everyone thrived on the work-from-home model, in 2020-2021, a large group—the introverts—truly did. Working away from the social pressures of an office, navigating...

More articles about "Gig Economy"