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Gig economy

📈 Economics By CampusDown Wiki Editorial Team Last updated
The gig economy is a labour market in which firms use independent workers on short-term or per-task contracts, often matched through digital platforms.
Contents
  1. 1. Overview
  2. 2. Frequently asked questions
  3. 3. References

Overview

“Gig” comes from jazz bookings; the term spread after the 2008 crisis. Features: per-task contracts, app matching (platform work) and self-employed status. Benefits are flexibility and side income; risks include income volatility and gaps in social protection. Korea extended employment insurance (2022) and industrial accident insurance (2023) to more such workers.

Frequently asked questions

Are gig workers employees?
It depends on the substance of the relationship.

References

  1. Friedman, G. (2014). Workers without employers: Shadow corporations and the rise of the gig economy. Review of Keynesian Economics, 2(2), 171–188.
  2. De Stefano, V. (2016). The rise of the “just-in-time workforce”. ILO Conditions of Work and Employment Series No. 71.
  3. ILO. (2021). World Employment and Social Outlook 2021: The role of digital labour platforms.

Reports and materials that use this theory (Korean)

There are no materials dedicated to this theory yet, but you can search related reports in the CampusDown library (Korean).

Find more reports · Search '긱 이코노미' on CampusDown →
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This article was last updated on October 24, 2026. It is based on widely recognized original works and textbooks; when citing it in a paper, please check the original sources listed in the references.