Bryce takes a look at the state of the freelancing economy, offering hard figures and explaining what it means for the future of freelancing.
Key points for this episode include:
- 15.5 million people in the US are self-employed -- though that number is closer to 53.7 million people if you include moonlighters and temp workers
- By 2020, more than 40% of the American workforce (60 million people) are expected to be independent workers
- More than 80% of large companies plan to increase their use of a flexible workforce
- Corporate downsizing, shifting economic conditions, employee dissatisfaction, platforms for pairing talent with businesses and co-working spaces are all reasons for the growth of independent workers
- Simply put, freelancing allows businesses to find targeted and qualified talent to address their needs at a lower cost.
- 50% of freelancers wouldn't stop freelancing for any amount of money
- Over 60% of freelancers earn more than they did via traditional employment, with 78% of them earning this in their first year
- 83% of freelancers believe their brightest days are ahead
- Bryce also covered the statistics that showcase why freelancing is worth it
- He also addresses the principled benefits for freelancing
> Rise of the Supertemp (Harvard Business Review)
> Intuit 2020 report
> Freelancing in America: 2015 report (led by Emergent Research and commissioned by The Freelancers Union and UpWork)
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