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Gig Economy One of the big reasons that the gig economy appeared so large several years ago, economists argue, was that the job market was still slowly recovering from a devastating recession. (Photo: Shutterstock)

The gig economy was way overhyped. And that’s according to two of the people who played a big role in hyping it up.

Two leading economists, Alan Krueger of Princeton and Lawrence Katz of Harvard, conceded that research they published in 2015 overestimated the shift towards freelance work on the U.S. economy, particularly gigs tied to apps such as Uber and Lyft.

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