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TechREG™ Chronicle July 2022

TechREG - Gig Economy - June 2022

TechReg™ Chronicle - Gig Economy

The “gig economy” refers to a free market system in which temporary positions are increasingly common; and organizations hire independent workers for short-term commitments. Traditionally, the term “gig” was used by musicians to define a performance engagement. Today, it has become a more general term to refer to a form of employment relationship.

Examples of gig workers include freelancers, independent contractors, project-based workers and temporary or part-time hires. Mobile applications and other digital technologies are often used to connect customers with gig workers (as anyone who has ordered a mobile take-out order will attest). The use of such technology has served as a catalyst for the rise of this growing common practice.

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