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Introducing the Gig Economy

Today’s hyper-connected world has made it possible for a new gig economy to emerge. A gig is a temporary work engagement, and our gig economy is altering how Americans view and perform work. Many companies are making it easy for workers to find temporary jobs – hence a gig – which can range from all types of work, such as editing a paper, writing a resume, fixing a leaky faucet or repairing a car. The difference between a gig and a traditional job is that it’s only temporary, and the worker is paid on a freelance basis for the project.

Who Makes Up The Gig Economy?

There are three main groups that main up today’s rising gig economy.

1. Technology Platform Companies

Technology platform companies have helped the gig economy expand significantly. These platform companies have direct transactions with the consumer and producer, offer flexible work schedules, provide online payments and feature online reviews and profiles, so it’s easier for both parties to enter into a gig arrangement.

2. Gig Workers

Gig workers generally have two main classifications, such as labor providers – which includes drivers or delivery people – and goods providers, such as artists or writers. 

3. Consumers

When consumers want less expensive services, temporary work arrangements become a more cost-effective solution for businesses. 


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