An Introduction to the Gig Economy: Part 1 – How did we get here?

[Post by K.M. Lowe, Writer & Corporate Communicator]

Every year there seems to be a new buzzword in the workplace. This year the phrase that’s on everyone’s lips is ‘gig economy.’ But what exactly is a gig economy? Is it a meaningless term that will disappear as quickly as it appeared while the work world continues on as it always has? Is it something you need to know about or can you simply ignore it until it fades into memory?

Essentially, the on-demand gig economy or talent-based economy is a complete rethinking of the way we work, so you might want to take notice because it could change everything. According to WhatIs.com, “A gig economy is an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements.”

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