gig economy


Definition of gig economy

: economic activity that involves the use of temporary or freelance workers to perform jobs typically in the service sector One reason the gig economy has taken off: People tend to change jobs more frequently and many enjoy the flexibility of choosing when and where they work.— Marcia Pledger While they are still able to work, boomers will be a big part of a subset of the sharing economy that is sometimes called the "gig economy." Gigs are what they sound like: assignments, contracts or part-time jobs.— Linda Nazareth

First Known Use of gig economy

2009, in the meaning defined above

History and Etymology for gig economy

gig entry 1

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The first known use of gig economy was in 2009

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Cite this Entry

“Gig economy.” Dictionary, Merriam-Webster, Accessed 19 May. 2022.

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