Video Dictionary: Gig Economy

Posted on April 26, 2017
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Gig economy is the term used to describe the prevalence of hiring contractors, freelancers and workers on a temporary basis. The word gig refers to the music industry where musicians make a living by playing live performances at varying locations. Because the concept of an irregular income earned through constantly changing clients also applies to members of this novel economy, it became known as the gig economy.

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