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NITI Aayog defines 'gig workers' as those engaged in work outside of the traditional employer-employee arrangement. 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.
Craigslist Inc. Craigslist (stylized as craigslist) is a privately held American company [5] operating a classified advertisements website with sections devoted to jobs, housing, for sale, items wanted, services, community service, gigs, résumés, and discussion forums.
The Congressional Research Service defines the "gig economy" as: the collection of markets that match providers to consumers on a gig (or job) basis in support of on-demand commerce. In the basic model, gig workers enter into formal agreements with on-demand companies to provide services to company's clients.
A new report by the Bank of America Institute found that the share of bank customers who received income from gig work hit a new high of 3.8% in March after a lull in 2023.
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TaskRabbit, Inc. d/b/a TaskRabbit operates an online marketplace that matches freelance labor with local demand, allowing people to find help with tasks including personal assistance, furniture assembly, moving, delivery, and handyman work. The company was founded in 2008 by Leah Busque and was acquired by an affiliate of IKEA in 2017.
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