The Gig Economy -Make Money With Side Gigs
The New Normal of the New World Of Work
Have you heard of the “Gig Economy”? The word “gig” was popular in the 1960s in the US. It was used to refer to a short period of employment.
Musicians would refer to one-time performances as gigs. People with part-time jobs that only used them a few hours each week and eventually ended call those jobs side gigs.
The word is used the same way when referring to the current Gig Economy.
In the past, someone would work for a single company for 40 or 50 years and then retire. There are obvious benefits for both parties in this kind of situation. The company benefits because they have someone that they only have to train once to do a job. They are not constantly hiring and training people. The employee benefits by having stable, reliable employment. He doesn’t have to constantly pound the pavement and hit the road looking for work.
There are plenty of companies today that use this same employment model. There are also many companies large and small that prefer hiring short-term employees.
This way they don’t have to pay a pension at the end of a 30 or 40 year employment. They don’t have to provide benefits like health insurance, personal time and paid vacation days. The employee or contractor benefits by being…
