Understanding The Gig EconomyPosted by Hunt Mark on July 14th, 2021 Hearing the term Gig Economy lately caught my attention. Where did this word gig originate? Musicians refer to their own paid demonstrations as gigs and really cool men and women refer to their temporary jobs as gigs. Put another way, the term "gigging" means having paid work or being employed. Nowadays a gig could be a temporary job concerning length of employment. In the employment business, we often refer to those duties as both temporary or contract since it's usually for a defined period of time. Gigs can be full-time job hours and sometimes they are part-time hours. Well, with click here to find out more sitting in 4.0% unemployment it appears that all is well when it comes to finding work? Many economists believe that these amounts to be misleading. The sensation of wealth isn't being felt by many and this leads to the need to take on an excess job [or two] by millions of Americans just to make ends meet. We know by taking a look at the data that people have a tendency to change jobs many times during their working lives and the gig market can be seen as a development of that tendency. At the employment industry, we know that 1 in 5 workers in the work force is contingent or flexible hourly labour. learn the facts here now are choosing contract employment due to the flexible work hours, work-life balance or a means to stay engaged in the workforce while keeping their technical and people skills sharp. While why not find out more depend W-2 statements these employees could be working part-time or working this assignment until a better opportunity comes along. There are approximately 6 million individuals [4% of labor force] which make up the U.S. contingent workforce as these numbers have not been tracked in past years.Like it? Share it!More by this author |