Yet another new buzzword, “gig economy”, has been trending in today’s evolving digital world. The term refers to a labor market where people are hired for short-term assignments and temporary or individual contract work. The gig economy is comprised of freelancers, side hustlers, temporary agency workers, and contractors. People working in the gig economy typically are those who have recently been laid off, in the process of searching for a full-time job, in school, or looking to make extra money on the side in addition to their full-time job. In short, the gig economy translates to, individuals working a part-time job.
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