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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. [45] 47% of gig workers are employed in medium-skilled jobs, about 22% in high-skilled jobs, and about 31% in low-skilled jobs.
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 ...
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]
The word "gig" to refer to a performance very likely originated well before the 1930s, and remained a common term throughout the 1940s and 1950s before becoming vaguely associated with the hippie slang of the 1960s. The word "gig" is now a widely accepted synonym for a concert, recital, or performance of any type.
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Urban Dictionary Screenshot Screenshot of Urban Dictionary front page (2018) Type of site Dictionary Available in English Owner Aaron Peckham Created by Aaron Peckham URL urbandictionary.com Launched December 9, 1999 ; 25 years ago (1999-12-09) Current status Active Urban Dictionary is a crowdsourced English-language online dictionary for slang words and phrases. The website was founded in ...
Gig (boat), a type of boat Gig (carriage), a two-wheeled sprung cart to be pulled by a horse Cornish pilot gig, a six-oared rowing boat; Rio de Janeiro–Galeão International Airport (IATA airport code), the main airport serving Rio de Janeiro, Brazil
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