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Understanding the Gig Economy: A Flexible Workforce for a Digital Era

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the staff of the Ridgewood blog

Ridgewood NJ, The term “gig economy” has become a household phrase, describing a labor market driven by internet-era platforms. From Uber drivers to Airbnb hosts, these workers embody a new kind of economic participation. A 2023 study estimated that in 2021, approximately 4.9 million Americans were engaged in platform-based gig work—a figure that reflects the growing prevalence of this economic model.

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