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

These are kids who have grown up with the gig economy, these are kids who were in high school and college during COVID, mostly high school. —Bill Hutchinson, ABC News, 25 Mar. 2025

Diversify Income Sources The gig economy and contract work offer ways to build financial resilience during sector-specific disruptions. —Kara Dennison, Sphr, Cprw, Ec, Forbes, 25 Mar. 2025

For example, these could include Form W-2 for wages, 1099-NEC for contract or gig economy work or 1099-B for investment earnings. —Kate Dore, Cfp®, Ea, CNBC, 15 Feb. 2025

Not every gig economy job will be affected equally. —Dr. Diane Hamilton, Forbes, 15 Mar. 2025

Word History

Etymology

gig entry 1

First Known Use

2009, in the meaning defined above

Rhymes for gig economy

• deuteronomy
• aeronomy
• agronomy
• astronomy
• autonomy
• gastronomy
• metonymy
• taxonomy