The gig economy is a rapidly growing and increasingly popular form of employment that is driven by independent contractors, gig-workers and freelancers. It is characterized by short-term, contract-based work, often with multiple clients and employers. The gig economy is beneficial for many workers, as it allows for more flexible hours and job opportunities. In addition, the gig economy allows for a more diverse range of skills and knowledge to be applied, and for workers to specialize in their area of expertise.
The gig economy involves the exchange of goods and services between two or more parties, and most of these exchanges are done online, through platforms such as Upwork and Fiverr. This makes it easier for individuals and companies to find freelancers and independent contractors who can provide the services they require.
Additionally, the gig economy is based on the idea of gig-level payment, where freelancers and contractors are paid a set rate for the work they do. This can be beneficial for both employers and contractors, as it allows employers to pay for only the work they need, and for freelancers to get a fair rate for their services.
See also: Contingent Worker, Gig
