Coined in news stories in 2009, the term “gig economy” has come to describe the work of individuals whose jobs include a variety of individual projects, consultant roles, and part-time positions.
Coined in news stories in 2009, the term “gig economy” has come to describe the work of individuals whose jobs include a variety of individual projects, consultant roles, and part-time positions. Gig workers don’t receive an annual salary from a single employer, but are paid on a per-project, hourly, or part-time basis instead. Because they aren’t permanent, full-time employees, they don’t receive workplace benefits like health insurance or retirement contributions.