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.
Like many of us in modern society, Mary-Anne is stuck in a soulless gig economy that offers very few ladders toward upward mobility. Marya E. Gates, IndieWire, 13 Jan. 2025 The rise of the gig economy and the increase of entry-level contract work have led to less job security and stability for many workers. Danaya Wilson, Forbes, 9 Jan. 2025 The officials reiterated plans to subsidize purchases of smartphones, smart watches and tablets, while increasing vocational training, pensions and support for gig economy workers. Anniek Bao, CNBC, 3 Jan. 2025 The Lyft lawsuit comes amid debate over how ride-hailing drivers should be classified and how gig economy companies such as Lyft and Uber should be taxed. Caroline Petrow-Cohen, Los Angeles Times, 26 Dec. 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 18 Jan. 2025.

Last Updated: - Updated example sentences
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