gig economy

Noun

gig economy (plural gig economies)

1. That part of the economy consisting of people who work in a transient, contract or self-employed capacity, as opposed to being permanent employees of a business.
   • But suddenly, the debate has imploded; the gig economy may be a myth. A new survey by the Bureau of Labor Statistics found that, in 2017, the share of workers in “alternative employment arrangements” (gig jobs and other) was 10.1 percent of total employment, almost exactly what it was in 2005 (10.7...2018 June 17, Robert J. Samuelson, “Is the gig economy a myth?”, in The Washington Post
   • Second, there is the precariat. These are the young and educated voters caught in the gig economy, who see no career security ahead.2019 December 13, David Brooks, “The Politics of Exhaustion”, in The New York Times, →ISSN