gig economy
Intermediatezipf 3.93Pronunciation
/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.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.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