gig economy

noun

: economic activity that involves the use of temporary or freelance workers to perform jobs typically in the service sector

One reason the gig economy has taken off: People tend to change jobs more frequently and many enjoy the flexibility of choosing when and where they work.

—Marcia Pledger

While they are still able to work, boomers will be a big part of a subset of the sharing economy that is sometimes called the "gig economy." Gigs are what they sound like: assignments, contracts or part-time jobs.

—Linda Nazareth

Examples of gig economy in a Sentence

Recent Examples on the Web

As Bitcoin Suddenly Surges Toward $100,000 Price Now Hackers Are Using Snail Mail In Cyber Attacks—Here’s How How To Leverage The Gig Economy Tapping the resources of the gig economy can be challenging. —Jason Leverant, Forbes, 21 Nov. 2024

While a Harris administration may be kinder than Biden’s to Big Tech, companies centered around the gig economy could be at risk, according to a note from Bank of America seen by CNBC. —Greg McKenna, Fortune, 2 Nov. 2024

That evening, Mindy laments to Emily that the gig economy is a scam. —Jessica M. Goldstein, Vulture, 15 Aug. 2024

These workers increasingly realize that jobs aren’t necessarily tied to one location, schedule, or employer, thanks to options in the gig economy. —Nirit Cohen, Forbes, 30 Oct. 2024

Word History

Etymology

gig entry 1

First Known Use

2009, in the meaning defined above