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Gig Economy

In a gig economy, temporary, flexible jobs are commonplace, and companies tend toward hiring independent contractors and freelancersĀ instead of full-time employees. A gig economy undermines the traditional economy of full-time workers who rarely change positions and instead focus on a lifetime career. A study by Intuit predicted that by 2020, 40 percent of American workers would be independent contractors. In a gig economy, businesses saveĀ resources and can contract with experts, and represent those credentials/skills, for specific projects.

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