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Providers (gig workers) engaged by the on-demand company provide the requested service and are compensated for the jobs. [1] [2] In 2019, Queensland University of Technology published a report stating 7% of Australians participate in the gig economy. [3] 10% of the American workforce participated in the gig economy in 2018. [4]
In 2020–21, the gig economy was estimated to employ 7.7 million workers, with a projected workforce of 23.5 million by 2029–30. The industry is expected to produce a revenue of $455 billion by 2024. [46] 47% of gig workers are employed in medium-skilled jobs, about 22% in high-skilled jobs, and about 31% in low-skilled jobs.
In business, free agents are people who work independently for themselves, rather than for a single employer. [1] The term "free agent" is believed to have been coined by American writer Daniel H. Pink, author of a 1997 cover story in Fast Company titled “Free Agent Nation.” [2] In 2001 Pink published a book with the same name.
Omni was an American tech-based on-demand storage and rental company based in San Francisco, California. Founded in 2014 by Aaron Wiener, Adam Dexter, and CEO Tom McLeod, Omni debuted its service in Fall 2015.
The gig economy is composed of corporate entities, workers and consumers. [2] The Internal Revenue Service defines the gig economy as "activity where people earn income providing on-demand work, services or goods", noting that the activity is often facilitated through a digital platform such as a mobile app or website and earnings may be in the form of "cash, property, goods, or virtual ...
A temporary work agency may have a standard set of tests to judge the competence of the secretarial or clerical skills of an applicant. An applicant is hired based on their scores on these tests and is placed into a database. Companies or individuals looking to hire someone temporarily contact the agency and describe the skill set they are seeking.