noun phrase · academic
gig economy
UK/ˈɡɪɡ ɪˈkɒnəmi/US/ˈɡɪɡ ɪˈkɑːnəmi/GIG e·CON·o·MY
A labour market where short-term, freelance or temporary jobs are common.
Examples
“Many young people supplement their income by working in the gig economy.”
“Platform companies have expanded the gig economy by connecting workers with short tasks.”
“Regulation of the gig economy is a hot topic in labour policy.”
Band 8 sentence
“The gig economy has expanded opportunities for flexible work, but it has also raised questions about job security and benefits.”
Collocations
- rise of the gig economy
- gig workers
- platform-based gigs
Word family
Common mistakes
work in gig economy→work in the gig economy
people do gig economy jobs→people work in the gig economy
Say it for a higher band
5part-time jobs→6freelancing→7+gig economy
Synonyms
freelance market
on-demand economy
Easily confused
informal economy
“Many street vendors operate in the informal economy rather than through formal contracts.”
Related words
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In Work & Career
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