Courtesy of Mish.
I just looked up the term “gig”.
Merriam-Webster provides 4 definitions: “Something whirled, someone of grotesque appearance, a rowboat, and a two-wheeled one-horse carriage”.
Clearly that’s not what we are talking about.
Even the Urban Dictionary is behind the times with its description “A live performance, either musical, theatrical, or physical.”
Curiously, the Urban Dictionary managed to misspell the word tomorrow in its example “The band has a gig tommorow night.”
The Wall Street Journal uses the term “gig” meaning an “alternative work arrangement job”.
With that definition in mind, how big is the “gig” economy?
New research shows labor shift affects health care, education and other industries that have traditionally offered stable employment. However, the Wall Street Journal reports Contract Workforce Outpaces Growth in Silicon-Valley Style ‘Gig’ Jobs.
