The term gig economy is used to describe a labor market in which temporary or part-time jobs are commonplace. In a gig economy, companies tend to hire independent contractors and freelancers rather than full-time employees. While the positions available in a gig economy can provide workers with more flexibility than full-time, salaried roles, many commentators claim the transient, generally lower-paying jobs in a gig economy can hurt a worker’s longevity and overall satisfaction.