Gig Economy

Gig Economy - (noun)

Definition

In 2016 the European Commission defined gig work as ‘an economy in which digital technologies enable teams to be assembled around a given project, often across borders, while platforms seamlessly connect buyers with sellers.

Extra

Source: Adapted from EuroFound
Example of Use: Workers in the gig economy often face unstable working hours and income, few employment rights, lack of access to career development and training, and uncertainty around social security and pensions.