Growing or shrinking? Changing the way we work? Experts weigh in on how freelance, gigging, and contract work will change this year.
Increasingly, both companies and workers prefer and choose the gig economy’s more flexible and independent work arrangements and, in the process, are transforming how, where, and when we work.
As the US economy has improved—with six years of unbroken job growth and even an uptick in wages—a greater share of those gig participants are finding better jobs. So they’ve stopped or cut down on their Uber and related gig work.
As the jobs-based economy gives way to the gig economy, winners and losers are determined by the type of worker you are — or can become.
A new study from McKinsey finds voluntary independent workers are happier than those in traditional jobs.
Although Stats Canada reports that self-employed workers consistently earn more than “standard” workers, freelancing is widely dismissed as being one step away from unemployment and destitution.
Reshaping the gig economy cannot only come from on high – there has to be some innovativion from within business and broader society. There are some welcome stirrings, but without a reshaped system, along with more energy and leadership to capitalise on the change of mood, expect little to change.
These stats tell the story of the freelance market.
Wouldn’t it be great to ditch the micro-managing boss, take on exciting new projects whenever you want, and work the hours that suit you? Well, thanks to the rise of on-demand talent marketplaces, the so-called “gig economy” is fast becoming a reality.
What this may mean is that the growth of the gig economy, at least the growth measured by Katz and Krueger, is being driven not so much by struggling millennials lining up gigs online as by 60-year-olds working as independent contractors.
Independent contractors and temp-agency workers see things very differently.
The data show that independent contractors won’t become a major share of workers anytime soon. And while the number of contractors may have increased in recent years, sharing economy companies aren’t the likely cause. If we want to understand this trend, perhaps we should change the focus of our investigations.
With the proliferation of digital job platforms, the social safety net for workers in the US – threadbare to begin with – is at risk of unraveling for a growing share of the workforce. This is because most individuals who find work through digital job platforms operate as independent contractors, leaving them without the benefits and protections provided in standard employment contracts for full-time and part-time workers.