The Gig Economy

The gig economy refers to a labor market characterized by the prevalence of short-term, flexible jobs—often called "gigs"—rather than traditional permanent employment. Workers, known as gig workers or freelancers, typically find tasks through digital platforms like Uber, Lyft, or freelance websites. This setup offers flexibility and independence but may lack job security, benefits, and consistent income. The gig economy has grown with technology enabling easier connections between workers and clients, transforming how people work and earn wages outside conventional employment structures.