![define gigeconomy define gigeconomy](https://i.pinimg.com/originals/f9/9b/fc/f99bfc58cd081be8edc36a9e288785d4.jpg)
In fact, in 2005 (more than five years before the gig economy started seriously making headlines) “ the government stopped counting independent workers in a meaningful and accurate way.” Who Has Been Tasked With Defining Itįirst and foremost, the experts pushing the conversation around the Gig Economy aren’t the policy makers who have been tasked with understanding, defining and regulating this new economy. However, a Wall Street Journal reporter, years later - theoretically when much more should be understood about this economic phenomenon - declared “proof of a ‘gig economy’ is hard to find.” So, if it is in fact a revolution, the WSJ claimed, it’s an invisible one. To illustrate this divide, consider this: When thought leaders first started discussing the Gig Economy (back in 2011) one Reuters’ reporter claimed that this “freelance surge” is the “industrial revolution” of the 21st century. However, measuring the size of the gig economy has proven divisive, and has many experts debating whether or not it’s big enough to have any meaningful impact on our overall economy. If the gig economy has high enough participation rates, then it could completely redefine the employee/employer relationship for U.S. The Impact of This “So-called” Gig Economy? However, recently, many more gig economy workers are finding their work through some sort of online or mobile platform such as the Uber, Thumbtack, or Taskrabbit apps. Often times, these positions are facilitated through traditional means such as freelance staffing agencies for designers or developers. Essentially, it is the growing sector of the American workforce that makes the majority of their income by stringing together multiple freelance or contract work positions. The gig economy is a bit difficult to define because even the experts consistently contradict each other.
![define gigeconomy define gigeconomy](https://blog.advesa.com/wp-content/uploads/2021/03/gig-economy.jpg)
It’s everything economists are excited about, and at the same time, the thing that policy makers fear most.īut in 2016, years after it was first introduced as an idea, what exactly is it? What Defines the Gig Economy? It has been recognized as a revolution and has had that titled stripped in the same year.
![define gigeconomy define gigeconomy](https://wirtschaftslexikon.gabler.de/sites/default/files/graph/compact/gig-economy-122673.png)
It has been called the sharing, on-demand, and gig economy.