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2 Growth Stocks Capitalizing On The Gig Economy To Buy In 2020

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Freelancers account for 36% of the American workforce, according to a recent study by Edelman Intelligence. Freelancers are also referred to as consultants or contractors. Some do it on the side while also employed at a full-time job, others freelance as their full-time job, and some freelancers only work part-time. McKinsey, a U.S.-based consulting firm, projects that 50% of the American workforce will be freelance by 2027. Freelancers who have in-demand skills like data analytics, machine learning, and programming can charge high rates and have flexibility, which will increase the demand for gig economy marketplaces.

A sweet spot in the gig economy is to act as a matchmaker, connecting freelancers to clients looking for temporary or permanent assistance with projects. The main freelance work platforms in this space are Upwork (NASDAQ:UPWK) and Fiverr (NYSE:FVRR). Both of these tech stocks are trading at lower prices from their 52-week highs, are small-cap growth companies, and have minimal debt. Investors seeking exposure to the gig economy should consider buying these today.

A woman working in a home office indicating freelancing

Image Source: Getty Images

 1. Upwork

Upwork is the largest freelance marketplace site and companies can find contractors from around the world who specialize in writing, video editing, web design, digital marketing, and more. It was originally founded as Elance in 1999 and merged with competitor, O-desk, in 2013. In 2015, this merged company was rebranded as Upwork and it IPO’d on Oct. 3. 2018. It also has over 12 million registered freelancers and 5 million clients, which could grow over time with the expansion of the freelance economy.

This site has many sources of revenue, including charging a percentage of freelancers’ earnings, requiring freelancers to purchase “connects” to apply for jobs, and assessing administration fees on clients. Clients can choose to pay either 2.75% of their client spend or a flat fee of $25 per month for unlimited payment transactions. Upwork has an enterprise selection for large companies that includes additional upgrades like compliance offerings, custom reporting, exclusive access to top freelancers for a monthly or annual fee.

The stock is trading around $10, which is toward the 52-week low of approximately $9. It has a positive free cash flow of $7.07 million, but it hasn’t turned a profit yet. Negative earnings is common for smaller cap stocks that have recently IPO’d. However, Upwork has manageable debt with a low debt-to-equity ratio of 0.05, significant cash reserves of $131.56 million, and annual revenue that has grown over 76% from $164.45 million in 2016 to $289.31 million in 2019. 

Investors may be tempted to buy Upwork when evaluating its revenue growth, profitability, the rise of freelance workers, and debt management. But they should also consider the risk of investing in recently IPO’d firms with negative profitability and that Upwork’s CEO Stephane Kasriel is stepping down. Hayden Brown, chief marketing and product officer, will take his place and there was no reason given for this change. 

Despite changes in leadership, investors looking to add growth stocks to their portfolios should also consider Upwork due to its impressive annual revenue growth, positive free cash flow, brand as a leading freelance marketplace site, and its bargain stock price.

2. Fiverr

Like Upwork, Fiverr is a leading freelance marketplace that connects companies (buyers) with freelancers (sellers) globally. However, on Fiverr, companies make the first move when selecting a freelancer. Unlike Upwork’s connects process, Fiverr freelancers create a profile and wait for clients to contact them about assignments.

Israeli entrepreneurs Micha Kaufman and Shai Wininger founded this site in 2010 as a way for the “lean” entrepreneur to access contract talent. They also designed this site so people can earn money outside of a traditional workday. 

Some freelancers offer basic services like writing product descriptions for only $5 while more complex services like web development can cost hundreds of dollars. All prices depend on additional “add on” features, complexity, work duration, and the freelancer’s cost of living. These prices are set by the freelancer and the hiring party agrees with those terms. This is different from Upwork and other bid sites, as freelancers aren’t sending messages to the client competing on price.

Fiverr earns revenue via transaction and services fees. It charges buyers a service fee of $2 up to $40, and 5% of the total transaction once that threshold is reached. Like Upwork, it charges sellers 20% percent of their project earnings. On top of this, it charges small transaction fees when sellers transfer money.

The stock price is trading around $21, which is toward the 52-week low of $17. It also has negative earnings, negative free cash flow of $57 million, and a low debt-to-equity ratio of 0.04. Like Upwork, it has sufficient cash reserves, $153 million, and revenue that has grown since 2017. Its annual revenue has grown by 89% in two years from $52 million to $98 million, which is a higher growth percentage increase compared to Upwork’s 43% from 2017 to 2019.

The growing revenue can help turn around cash flow and eventually result in profitability. Yet, investors should consider its income streams, debt management, and a small market cap of just $694 million before investing.

This stock can be considered a growth stock due to its very small market cap, lack of dividend, and negative earnings. It’s volatile now, but it has room to grow due to the popularity of freelancing, low price point compared to the 52-week high, minimal debt, and high increases in annual revenue rates.

What should investors think?

Traditional work arrangements and freelancing are becoming more popular among contractors and companies. Companies can save up to 30% in labor costs by working with contractors instead of employees when factoring in common employee benefits like health insurance, dental insurance, paid time off, and payroll taxes. 

Despite this, some states like California are pushing for workers’ rights by signing new laws to reclassify freelancers as employees. These states hope to give these workers access to standard employee benefits. States are pushing to add these laws to give freelancers protection like not having to pay self-employment tax, requiring employers to contribute to unemployment funds, and other responsibilities. California passed its AB 5 law that states a contractor must be classified as an employee if he or she submits 35 or more published works during the year. These new laws will make it harder to hire freelance work, which could threaten gig economy platforms. However, it will take years before these laws become established nationwide and these regulations won’t completely destroy the demand for talented freelance work.

Out of these two stocks, Upwork is a better choice because it has more diversified revenue streams, low debt, and higher revenue. Investors who are knowledgeable about workplace trends, aren’t worried about temporary management changes, and want growth stocks with positive cash flow along with high revenue growth should consider adding Upwork to their portfolios for 2020.



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Kids On The Sweetest Gig Earn Meaningful Perk ‘Healing the World with Chocolate’

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Starting On Mother's Day Kids that Work on The Sweetest Gig...Earn Perk to Heal the World with Chocolate #healingwithchocolate #thesweetestgig www.HealingwithChocolate.com

Starting On Mother’s Day Kids that Work on The Sweetest Gig…Earn Perk to Heal the World with Chocolate #healingwithchocolate #thesweetestgig www.HealingwithChocolate.com

Imagine a World Without Borders #unitedchocolatenations www.UnitedChocolateNations.com

Imagine a World Without Borders #unitedchocolatenations www.UnitedChocolateNations.com

The Sweetest Gig Preparing Kids for Life #thesweetestgig #kidslovework #kidsearnperks www.TheSweetestPerk.com

The Sweetest Gig Preparing Kids for Life #thesweetestgig #kidslovework #kidsearnperks www.TheSweetestPerk.com

Join French Kid Team for The Sweetest Gig #mustlovefrench #thesweetestgig kidslovework www.MustLoveWork.com

Join French Kid Team for The Sweetest Gig #mustlovefrench #thesweetestgig kidslovework www.MustLoveWork.com

Join The Mitzvah Team to Taste World's Best Chocolate and Write Creative Reviews in Hebrew at The Sweetest Gig #thesweetestgig #mitzvahteam #hebrew www.TheMitzvahTeam.com

Join The Mitzvah Team to Taste World’s Best Chocolate and Write Creative Reviews in Hebrew at The Sweetest Gig #thesweetestgig #mitzvahteam #hebrew www.TheMitzvahTeam.com

On The Sweetest Gig kids taste the world’s best chocolate, write creative reviews, and earn meaningful perks to do good deeds; kids can gift chocolate globally.

On The Sweetest Gig, kids work and earn meaningful perks to do good deeds!”

— Carlos Cymerman, Fun Advocate+Founder The Sweetest Gig

SANTA MONICA, CA, UNITED STATES, January 21, 2021 /EINPresswire.com/ — Recruiting for Good (R4G) is a staffing agency helping companies find talented professionals and generating proceeds to fund The Sweetest Gig (preparing kids for life).

According to Recruiting for Good and The Sweetest Gig, Founder, Carlos Cymerman, “On The Sweetest Gig, kids work and earn meaningful perks to do good deeds.”

Recruiting for Good is hiring 25 kids for the Sweetest Gig by February 9th, 2021; to write creative chocolate reviews in English, French, or Hebrew.

Kids that complete 3 successful reviews between February and April, 2021; earn mom gift (a box of fine chocolate, home delivered for Mother’s Day in LA). And earn spot on team to earn more meaningful perks.

Starting on Mother’s Day, kids that complete 3 successful reviews between May and July, 2021, earn Healing the World With Chocolate perk; gift and send chocolate globally (to family and friends).

About Healing With Chocolate

1. Kids learn that anything meaningful takes time and effort.

2. Kids use their creative talent to earn special perk (gift chocolate).

3. Kids pay forward chocolate to anyone in the world (and do a good deed).

Carlos Cymerman, adds “Chocolate heals mind, body, and soul!”

About

Before launching staffing agency, Recruiting for Good, Founder, Carlos Cymerman worked as a teacher for 10 years during and after college. And Recruiting for Good has been sponsoring creative writing contests for the last 10 years (for adults and kids). In 2014, he created and sponsored a creative writing program at Olympic High School in Santa Monica.

The Sweetest Gig is a rewarding ‘Kid Love Work’ program; especially suited for ‘Grateful Working Professional Families’ that love preparing their kids to succeed in life. Sweet Creative Middle School Kids are hired on weekends to taste The World’s Best Chocolate, write creative reviews (in English, French, or Hebrew), and earn meaningful perks to Do Good Deeds (Gift Mom Chocolate or Heal the World with Chocolate). The Sweetest Gig is created by Carlos Cymerman, and sponsored by Recruiting for Good. “Kids learn that anything meaningful, rewarding, and worthwhile; takes time, and effort.” www.TheSweetestGig.com

Summer Camp May Not Be Back…The Sweetest Gig Will Be… Summer 2021!

Since 1998, Recruiting for Good has been a purpose driven staffing company. Companies retain our recruiting agency to find talented and value driven professionals who love to use their talent for good in Accounting/Finance, Engineering, Information Technology, Marketing, Operations, and Sales. www.RecruitingforGood.com. R4G is on a fun mission; preparing kids for life to succeed thru ‘The Sweetest Gig,’ fun love work program.

Recruiting for Good Created The Goodie Foodie Club whose purpose is to help fund ‘The Sweetest Gig’ so more kids can learn to love work and prepare for life. Participate in our meaningful Referral Reward Program today to Enjoy The Sweetest Rewards (12 Months of Sushi, or 12 Months The Finest Chocolate Delivered to Mom). www.TheGoodieFoodieClub.com

Carlos Cymerman
Recruiting for Good
+1 310-720-8324
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn



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Wiped Film Evaporators (WFE) Market Scope, Prediction, Key Players, Size, Share and Forecast 2026 | Buss-SMS-Canzler GmbH, GIG Karasek (Dr. Aichhorn Group), LCI Corporation (Nederman Group) – KSU

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Global Wiped Film Evaporators (WFE) Market research report offers extensive research and analysis of key aspects of the global Wiped Film Evaporators (WFE) industry. Report provides holistic analysis of the market allowing companies to take decisions according to the changing market trends. It contains market overview providing basic understanding about what the market is. This market is fragmented into various segments, such as type, applications, end-users, and distribution channel. Furthermore, report contains competitive analysis and provide company profiling of key players involved in market. This provide deeper understanding of the competitive landscape and its future scenarios, crucial dynamics, and leading segments of the global Wiped Film Evaporators (WFE) market. In addition, report includes regional analysis and market dynamics. For instance, report involves detailed analysis about the factors responsible for the growth of market along with factors that can hamper the growth of market.

Competitive Analysis:

Wiped Film Evaporators (WFE) market report covers profiling of major players involved in market, which give detail analysis of companies. It offers business overview of companies along with detailed information on the company’s offerings and industries served. Further, it provide recent development of companies in terms of new launches, mergers and acquisitions, and expansion. Additionally, snapshot has been given where companies are placed in terms of their geographical presence and product offerings.

The report covers following Key Players in Global Wiped Film Evaporators (WFE) Market:

Buss-SMS-Canzler GmbH, GIG Karasek (Dr. Aichhorn Group), LCI Corporation (Nederman Group), VTA, Pfaudler, 3V Tech, Sulzer, Technoforce, Hitachi, Artisan Industries, Vobis, LLC, Chem Process Systems, Wuxi Lima Chemical Machinery, Wuxi Haiyuan Biochemical Equipment, WuXi HeXiang Biochemistry Equipment

Get The Sample Report PDF with Detail TOC & List of Figures@https://www.apexmarketsresearch.com/report/global-wiped-film-evaporators-wfe-market-by-product-850302/#sample

Segment Analysis:

Wiped Film Evaporators (WFE) market report has been segmented into types, applications, and end-users. It provide market share of each segment involved in Wiped Film Evaporators (WFE) market. Companies operating in this market will get holistic understanding about fastest growing segment. This will allow them to identify their target customers as well as allocate their resources wisely. Segment analysis helps to create perfect environment for engagement, customer retention, and acquisition. This is section helps companies operating in the Wiped Film Evaporators (WFE) market to identify key focus areas while making their strategic investments.

Segments by Product Types:

Vertical Wiped Film Evaporators
Horizontal Wiped Film Evaporators

Segments by Applications:

Pharmaceuticals
Chemical Industry
Food and Beverages
Petrochemical Industry
Textile Industry
Others

Regional Analysis:

Wiped Film Evaporators (WFE) market report covers analysis of various regions, such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Market trends change region wise, resulting in change base on their physical environment. Thus, report include key regions, with sales, revenue, market share and growth rate of Wiped Film Evaporators (WFE) in these regions, from 2020 to 2028. It analyzes region with highest market share along with fastest growing region in Wiped Film Evaporators (WFE) market. Region wise report is further segmented into country level analysis. For instance, North America is segmented into U.S. and Canada. Europe include UK, France, and Germany followed by APAC, which includes countries, such as China, India, and Japan. Latin America consists of countries, such as Mexico and Brazil, and MEA countries included in Wiped Film Evaporators (WFE) market are GCC Countries and South Africa.

Research Methodology:

Research methodology used to aggregate the Wiped Film Evaporators (WFE) market report involves a combination of both primary and secondary research approaches. Research team starts with secondary research from various sources to gather data on Wiped Film Evaporators (WFE) market. The report has combined its data from trusted secondary sources, such as company’s annual reports, industry publications, current news, government sites, etc. Further, primary research involves interviews to gain first hand insights idea about the market. Our analysts have interviewed several top C-level executives, decision makers, board members, key opinion leaders, industry veterans and other stakeholders in the Wiped Film Evaporators (WFE) market. All the data is then combined and picturized in a report in such a way that it gives thorough understanding and analysis about the Wiped Film Evaporators (WFE) market.

Target Audience:

• Product manufacturers
• Component manufacturers
• Agents involved in supply chain
• Government institutions
• Research organizations
• New entrants in Wiped Film Evaporators (WFE) market

For More Queries and Customization in The Report@https://www.apexmarketsresearch.com/report/global-wiped-film-evaporators-wfe-market-by-product-850302/#inquiry

Why to purchase Wiped Film Evaporators (WFE) market report?

• The Wiped Film Evaporators (WFE) market report offers comprehensive overview of the current market and forecasts by 2020-2028. It helps to identify the opportunities related to market in near future. It gives clear idea to our users where to capitalize their resources.
• The report further includes industrial dynamics, such as drivers, restraints, and opportunities related to market which have major impact on the growth of Wiped Film Evaporators (WFE) market.
• In-depth research on the overall expansion within the market that help users to decide the product launch and asset developments.
• Report covers recent development and changing trends in market to take decision accordingly.

Years Considered for The Study:

The base year for estimation: 2020
Historical Data: 2015–2020
Forecast period: 2021-2028

Table of Content:
Chapter 1 Industry Overview

1.1 Wiped Film Evaporators (WFE) Market Overview
1.1.1 Wiped Film Evaporators (WFE) Product Scope
1.1.2 Market Status and Outlook
1.2 Global Wiped Film Evaporators (WFE) Market Size and Analysis by Regions (2014-2019)
1.2.1 North America Wiped Film Evaporators (WFE) Market Status and Outlook
1.2.2 EU Wiped Film Evaporators (WFE) Market Status and Outlook
1.2.3 Japan Wiped Film Evaporators (WFE) Market Status and Outlook
1.2.4 China Wiped Film Evaporators (WFE) Market Status and Outlook
1.2.5 India Wiped Film Evaporators (WFE) Market Status and Outlook
1.2.6 Southeast Asia Wiped Film Evaporators (WFE) Market Status and Outlook
1.3 Global Wiped Film Evaporators (WFE) Market Segment by Types (2014-2026)
1.3.1 Global Wiped Film Evaporators (WFE) Revenue and Growth Rate Comparison by Types (2014-2026)
1.3.2 Global Wiped Film Evaporators (WFE) Revenue Market Share by Types in 2018
1.3.3 Type1
1.3.4 Type2
1.3.5 Other
Others
1.4 Wiped Film Evaporators (WFE) Market by End Users/Application
1.4.1 Global Wiped Film Evaporators (WFE) Revenue (USD Mn) Comparison by Applications (2014-2026)
1.4.2 Application 1
1.4.3 Application 2

Chapter 2 Global Wiped Film Evaporators (WFE) Competition Analysis by Players

2.1 Global Wiped Film Evaporators (WFE) Market Size (Million USD) by Players (2014-2019)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future

Chapter 3 Company (Top Players) Profiles and Key Data

3.1 Company 1
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Company 1, Wiped Film Evaporators (WFE) Revenue (Million USD) (2014-2019)
3.1.5 Recent Developments
3.2 Company 2
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Company 2, Wiped Film Evaporators (WFE) Revenue (Million USD) (2014-2019)
3.2.5 Recent Developments
3.3 Company 3
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Company 3, Wiped Film Evaporators (WFE) Revenue (Million USD) (2014-2019)
3.3.5 Recent Developments
And more…

Chapter 4 Global Wiped Film Evaporators (WFE) Market Size Type (2014-2019)

4.1 Global Wiped Film Evaporators (WFE) Market Size by Type (2014-2019)

Chapter 5 Global Wiped Film Evaporators (WFE) Market Size Application (2014-2019)

5.1 Global Wiped Film Evaporators (WFE) Market Size by Application (2014-2019)
5.2 Potential Application of Wiped Film Evaporators (WFE) in Future
5.3 Top Consumer / End Users of Wiped Film Evaporators (WFE)

Chapter 6 North America Wiped Film Evaporators (WFE) Development Status and Outlook

6.1 North America Wiped Film Evaporators (WFE) Market Size (2014-2019)
6.2 North America Wiped Film Evaporators (WFE) Market Size by Application (2014-2019)

Chapter 7 EU Wiped Film Evaporators (WFE) Development Status and Outlook

7.1 EU Wiped Film Evaporators (WFE) Market Size (2014-2019)
7.2 EU Wiped Film Evaporators (WFE) Market Size by Application (2014-2019)

Chapter 8 Japan Wiped Film Evaporators (WFE) Development Status and Outlook

8.1 Japan Wiped Film Evaporators (WFE) Market Size (2014-2019)
8.2 Japan Wiped Film Evaporators (WFE) Market Size by Application (2014-2019)

Chapter 9 China Wiped Film Evaporators (WFE) Development Status and Outlook

9.1 China Wiped Film Evaporators (WFE) Market Size and Forecast (2014-2019)
9.2 China Wiped Film Evaporators (WFE) Market Size by Application (2014-2019)

Chapter 10 India Wiped Film Evaporators (WFE) Development Status and Outlook

10.1 India Wiped Film Evaporators (WFE) Market Size and Forecast (2014-2019)
10.2 India Wiped Film Evaporators (WFE) Market Size by Application (2014-2019)

Chapter 11 Southeast Asia Wiped Film Evaporators (WFE) Development Status and Outlook

11.1 Southeast Asia Wiped Film Evaporators (WFE) Market Size and Forecast (2014-2019)
11.2 Southeast Asia Wiped Film Evaporators (WFE) Market Size by Application (2014-2019)

Chapter 12 Market Forecast by Regions and Application (2019-2026)

12.1 Global Wiped Film Evaporators (WFE) Market Size (Million USD) by Regions (2019-2026)
12.1. North America Wiped Film Evaporators (WFE) Revenue and Growth Rate (2019-2026)
12.1.2 EU Wiped Film Evaporators (WFE) Revenue and Growth Rate (2019-2026)
12.1.3 China Wiped Film Evaporators (WFE) Revenue and Growth Rate (2019-2026)
12.1.4 Japan Wiped Film Evaporators (WFE) Revenue and Growth Rate (2019-2026)
12.1.5 Southeast Asia Wiped Film Evaporators (WFE) Revenue and Growth Rate (2019-2026)
12.1.6 India Wiped Film Evaporators (WFE) Revenue and Growth Rate (2019-2026)
12.2 Global Wiped Film Evaporators (WFE) Market Size by Application (2019-2026)

Chapter 13 Wiped Film Evaporators (WFE) Market Dynamics

13.1 Wiped Film Evaporators (WFE) Market Opportunities
13.2 Wiped Film Evaporators (WFE) Challenge and Risk
13.2.1 Competition from Opponents
13.2.2 Downside Risks of Economy
13.3 Wiped Film Evaporators (WFE) Market Constraints and Threat
13.3.1 Threat from Substitute
13.3.2 Government Policy
13.3.3 Technology Risks
13.4 Wiped Film Evaporators (WFE) Market Driving Force
13.4.1 Growing Demand from Emerging Markets
13.4.2 Potential Application

Chapter 14 Market Effect Factors Analysis

14.1 Technology Progress/Risk
14.1.1 Substitutes
14.1.2 Technology Progress in Related Industry
14.2 Consumer Needs Trend/Customer Preference
14.3 External Environmental Change
14.3.1 Economic Fluctuations
14.3.2 Other Risk Factors

Chapter 15 Research Finding /Conclusion

Chapter 16 Methodology and Data Source

16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Disclaimer
16.4 Author List

About Us:
We at Apex Market Research aim to be global leaders in qualitative and predictive analysis as we put ourselves in the front seat for identifying worldwide industrial trends and opportunities and mapping them out for you on a silver platter. We specialize in identifying the calibers of the market’s robust activities and constantly pushing out the areas which allow our clientele base in making the most innovative, optimized, integrated and strategic business decisions in order to put them ahead of their competition by leaps and bounds. Our researchers achieve this mammoth of a task by conducting sound research through many data points scattered through carefully placed equatorial regions.

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Company titles for gig workers reveal business models

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Dasher.” “Tasker.” “Driver-partner.” Over the last decade, gig company executives have come up with all kinds of names for their workers.

Like much in the so-called gig economy, giving names to low-wage workers is nothing new. In 1975, Walmart CEO Sam Walton decided he was no longer going to call people at his stores “workers.” He was going to have “associates.” 

The idea of giving fancy titles to low-wage workers spread. Today, Subway employees are called “sandwich artists.” At Disney World, managers call everyone from security guards to the person inside the Mickey Mouse costume a “cast member.”

But for gig companies, the question of what a worker is called isn’t just about marketing or trying to make a worker feel like part of the team. It is also essential to their business models.

These names bolster the companies’ arguments that their workers are contractors, not employees entitled to benefits and protections, said Caitlin Vega, a labor lawyer who works with unions. She said many of these invented names are a way for companies to create the illusion of distance from their workers by focusing on the tasks they perform.

Here’s how Vega summed up their argument: “ ‘They’re not our employees, they’re doing a discrete task. You know, they’re called “taskers” or “juicers” or some term that refers to the task, that is not integral to our business model of course,’ ” she said.

Uber has used terms for workers that boost the idea that they are independent, calling drivers driver-partners, a term the company uses in marketing and hiring documents. Companies like TaskRabbit put their invented worker names in the introductory videos for people who want to work for the company.

California’s Supreme Court, attorney general and Legislature agree there’s one accurate term for gig workers: “employees.” But gig companies spent over $200 million on Proposition 22, which legalized a new subemployee category for workers. Of course gig companies invented a name for it: “independent contractor-plus.”

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