Can a shift in demographics lead to ripple effects – and maybe even a sea change – in the way gig economy workers get paid? The PYMNTS Gig Economy Index has estimated that gig workers account for 3.7 percent of GDP, worth roughly $711 million...
The gig life isn’t just for Uber drivers. And it’s not just about that much-reported millennial “side hustle” either. “Gig” is really just a new word for “freelance,” and that’s a concept that’s been around for a long, long time, encompassing much more than the...
The gig economy companies were dealt a blow Monday (April 30) after the Supreme Court in California ruled that gig economy companies can’t count workers as independent contractors instead of employees. The New York Times, citing the court ruling, reported the judgment could pave the...
Fast work, so … instant payments? On the heels of an announcement from FinTech firm Wirecard and gig economy startup Moonrise that the two companies had partnered to offer instant payments to workers, the question rises as surely as the moon: How has the gig...
With the rise of platforms such as Uber and Postmates, the gig economy market is booming. In 2016 alone, 34 percent of the American workforce was made up of freelancers — a number projected to grow to 43 percent by 2020. Many Americans work in...
Fiverr, the online marketplace that enables companies to hire freelancers, is acquiring AND CO, another startup that provides support tools for freelancers. According to a report in TechCrunch, Fiverr CEO Micha Kaufman said that once the deal is complete, Fiverr will offer AND CO’s online...
Long gone are the days when Ford, J.C. Penney and General Electric were the largest U.S. employers. A new analysis shows that the country’s outsourcing companies – including the likes of Compass Group and Accenture – are the largest employers, leasing out workers to some...
A handful of Instacart contract workers were gearing up to strike this past weekend to protest what personal shoppers contend are low wages. According to a news report in Ars Technica, which cites an Instacart employee who requested to remain anonymous, the idea behind the...
While there is an emerging consensus that the gig economy may be the future of American labor, the trials and tribulations of Uber drivers looking to get paid highlights why this conclusion may not be as foregone as it appears. Because for the last six...
