The Gig Economy refers to a labor market characterized by short-term, flexible jobs, often mediated by digital platforms. Workers in this economy typically engage in freelance or contract work rather than traditional full-time employment, allowing for greater autonomy and varied income sources.
This model has gained popularity due to the rise of technology and platforms like Uber and Upwork, which connect workers with clients seeking specific services. While it offers flexibility, the gig economy also raises concerns about job security and benefits, as many gig workers lack the protections afforded to traditional employees.