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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The strike comes amid growing concerns over the treatment of gig economy workers in India, where rapid economic growth has been accompanied by poor labor standards in many sectors. Thomas G. Moukawsher, Newsweek, 29 Nov. 2024 Platform managers and policymakers should recognize the impact of extreme weather on gig economy and take preventive measures to meet user needs during heat waves, balancing operational efficiency with the health of the gig workers. Susan F. Lu, run Ge, wenzheng Mao, Harvard Business Review, 27 Nov. 2024 With the rise of the gig economy, millions of workers are turning to their phones to generate extra income. Rachel Wells, Forbes, 25 Nov. 2024 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 See all Example Sentences for gig economy 

Word History

Etymology

gig entry 1

First Known Use

2009, in the meaning defined above

Time Traveler
The first known use of gig economy was in 2009

Dictionary Entries Near gig economy

Cite this Entry

“Gig economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gig%20economy. Accessed 17 Dec. 2024.

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