gig economy

American  

[gig i-kon-uh-mee] / ˈgɪg ɪˈkɒn ə mi /

noun

Slang.

1. an economic sector consisting of part-time, temporary, and freelance jobs.

   rapid growth of the online gig economy.

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Etymology

Origin of gig economy

First recorded in 2005–10; gig ¹ ( def. ) (in the sense “a job of uncertain duration”) + economy ( def. )

Example Sentences

She previously worked for Bloomberg Industry Group and American Lawyer Media in Washington, specializing in the gig economy, civil rights, and discrimination law.

From The Wall Street Journal

He is one of millions working in India's rapidly expanding gig economy, which is expected to employ 23.5 million people by 2030.

From BBC

The law was a compromise between labor groups and Silicon Valley gig economy companies.

From Los Angeles Times

In similar fashion, democratized access to AI will power the gig economy, making it easier for companies to engage with skilled contractors as needed.

From The Wall Street Journal

So many people are entering the gig economy that it is putting downward pressure on wages, as people laid off from other industries or unable to find full-time work compete for pay.

From The Wall Street Journal