gig economy

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23:55 Nov 24, 2019
to translations [PRO]
Bus/Financial - Economics
Additional field(s): Anthropology, Finance (general), Social Science, Sociology, Ethics, etc.
term or phrase: gig economy
Definition from Cambridge Dictionary:
A way of working that is based on people having temporary jobs or doing separate pieces of work, each paid separately, rather than working for an employer.

Example sentence(s):
  • Gig economy workers were 50 per cent more likely to report feelings of helplessness, and almost 40 per cent more likely to report feelings of little control. If anything, then, gig economy workers were more likely to report powerlessness than other working respondents. The Conversation
  • It also found that ‘liquid’ workers, such as gig economy workers and the self-employed, face greater barriers to financial inclusion compared to traditional workers. They are less likely to hold financial products and are almost twice as likely (28%) to be turned down for financial products due to their employment history than traditional employees (15%). FinExtra
  • What would happen if low-wage workers came together to cut out the middleman and build their own platforms? This isn’t just a thought experiment. Worker-owned apps are already providing real alternatives to dismal working conditions in the global gig economy. Vice
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