gig economy

Intermediatezipf 3.93

Pronunciation

/ɡɪɡ ɪˈkɒnəmi/(GIG ih-KON-uh-mee)

Part of speech

nouneconomics / labour

Chinese

零工经济

Definition

A labour market characterised by short-term, flexible, freelance, or contract work rather than permanent full-time employment — often mediated by digital platforms like Uber, Deliveroo, or Upwork.

Word family

  • gigworker (n) 零工工作者

Collocations

  • gig economy workers
  • gig economy platform
  • rise of the gig economy
  • gig economy regulation
  • gig economy and benefits

Examples

  1. 1.The gig economy promises flexibility ("be your own boss") but often delivers precarity — gig workers typically lack health insurance, retirement benefits, sick pay, or job security. (labour market structure)
  2. 2.Whether gig workers are independent contractors or employees is a legal battle playing out worldwide, with billions of dollars in benefits and taxes hanging on the classification. (legal controversy)

Synonyms

  • freelance economy (economy based on freelance work)
  • platform economy (economic activity mediated by digital platforms)
  • on-demand economy (work available on demand)

Etymology

"gig" from jazz slang (a musical engagement, 1920s) + "economy" from Greek "oikonomia" (household management) — an economy of one-off engagements