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...
Uber is looking to expand its services and has sent out an email to drivers to find out if they’d be interested in taking on additional on-demand jobs, such as cleaning, moving and food service. According to a Recode news report, the ride-sharing company is looking...
Post-recession, with gig workers now powering 33 percent of the U.S. workforce, the on-demand worker seems very mainstream. But paying these workers on demand is no long an option. In the latest PYMNTS Gig Economy Index™, a Hyperwallet collaboration, 84 percent of gig workers say...
