Summary of The Gig Economy

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The Gig Economy book summary


8 Overall

10 Applicability

7 Innovation

7 Style


Full-time employment, once the quintessence of security and stability, is increasingly rare. Employers create fewer full-time positions and outsource existing work. For growing numbers of job seekers, working independently is a safer bet. Living without a corporate safety net may sound precarious, but with proper planning, you can manage a freelance career that’s at least as stable as a full-time job. And, it holds out the prospect of more control over your work and your life. In this breezy, entertaining how-to manual, Babson College professor Diane Mulcahy offers a blueprint for assembling and managing a diversified portfolio of work. She outlines appropriate approaches to saving, vacations, homeownership and retirement planning. getAbstract recommends her manual to anyone seeking an alternative to the cubicle, the assembly line or the corner office.

In this summary, you will learn

  • Why traditional full-time jobs are disappearing;
  • Why freelance or contract “gigs” are taking their place; and
  • What strategies you can use to assemble a portfolio of gigs that offers you reliability, financial security and personal satisfaction.

About the Author

Diane Mulcahy is adjunct lecturer at Babson College and a senior fellow at the Ewing Kauffman Foundation. She designed and teaches Babson’s MBA course “The Gig Economy.”



Nice Work
A full-time job was once the reliable route to prosperity and security. Prior to the current generation, workers often stayed with the same company for all or most of their careers. They brought home a dependable paycheck, advanced along a clear career path, and relied on their...

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    Jeff Ostrowski 2 years ago
    One of my favorite quotes from the full book: “We are now part of the ‘hustling class,’ always looking for work, evaluating and updating our skills and value, and staying aware of potential future opportunities.”

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