Gig economy basics: An overview
Comprehending the Freelance EconomyThe gig economy is a modern, dynamic employment landscape characterized by short-term contracts, freelance work, and temporary positions. This new labor market greatly contrasts with traditional, full-time employment models, providing both opportunities and challenges for workers and employers alike. Harnessing the potential of the gig economy requires a thorough understanding of its mechanics, growth, and implications on the global workforce.The Beginning and Expansion of the Gig EconomyThe term "gig economy" derives from the word "gig," popularly used by musicians to denote a one-time performance. Over the past two decades, this concept has transcended the music industry, evolving…